DIFC court declines to stay proceedings in favour of LCIA arbitration
By Henry Quinlan and Natalie Wainwright The Dubai International Financial Centre (DIFC) court has declined to stay proceedings in favour of an LCIA arbitration in London, despite finding that the arbitration clause was valid. In rendering its judgment, the court concluded that the presently drafted DIFC Arbitration Law failed to implement the New York Convention. […]