Decree No. (10) of 2004

Establishing the

Dubai International Arbitration Centre^{^[1]}

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We, Maktoum bin Rashid Al Maktoum, Ruler of Dubai,

After perusal of:

Law No. (8) of 1997 Regulating the Dubai Chamber of Commerce and Industry and its amendments;

Decree No. (2) of 1994 Approving the Rules of Commercial Conciliation and Arbitration of the Dubai Chamber of Commerce and Industry; and

The Statute of the Dubai International Arbitration Centre,

Do hereby issue this Decree.

Article (1)

The following words and expressions will have the meaning indicated opposite each of them unless the context implies otherwise:

DIAC:	The Dubai International Arbitration Centre.
Statute:	The statute of the DIAC.

Article (2)

A commercial disputes settlement centre named the “Dubai International Arbitration Centre” is hereby established. The DIAC will have legal personality, and financial and administrative autonomy. The head office of the DIAC will be located in Dubai.

Article (3)

The DIAC will be regulated and managed in accordance with the Statute attached hereto[i].

Article (4)

This Decree will be published in the Official Gazette and will come into force on the day on which it is published.

Maktoum bin Rashid Al Maktoum

Ruler of Dubai

Issued in Dubai on 17 July 2004

Corresponding to 30 Jumada al-Ula 1425 A.H.

[1]Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail.