Regulatory Alerts2015-10-13
Abu Dhabi Global Market Consultation Paper No. 12 - Arbitration Regulations
The Board of Directors of the Abu Dhabi Global Market (ADGM) issued this consultation paper to invite public comment on proposed regulations governing arbitration within the jurisdiction. The draft regulations establish a pro-arbitration legal framework based on the UNCITRAL Model Law, featuring enhanced confidentiality, streamlined consolidation of proceedings, and limited court intervention. Key modifications include allowing parties to waive the right to set aside awards, mandating closed court hearings for arbitration-related matters, and providing broad powers to arbitral tribunals regarding interim measures and jurisdiction.
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