DIFC Courts address abolition of DIFC-LCIA

For the first time, the DIFC Courts have provided welcome clarification on some of the issues generated by Decree No. 34 of 2021 and the fallout from the abolishment of the DIFC-LCIA and EMAC. This was provided in the landmark decision of Narciso v Nash, in which members of Stephenson Harwood's Dubai-based disputes team – partner Mark Lakin, managing associate Magda Kofluk, and associates Samantha Martin and Mayss Akasheh - acted for the Claimant.

The team report on this case which delves into its merits and the important precedent it sets for how contractual reference to the superseded arbitration centres should be treated in future.