Earlier this year, the United Arab Emirates ratified its accession to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958, more commonly known as the New York Convention. After the recent satisfaction of certain procedural requirements, the Convention will obtain force of law in the UAE from November 19 2006. By ratifying the Convention, the UAE joined its GCC neighbours Oman, Bahrain, Qatar and Saudi Arabia, where the Convention already enjoys force of law.
November 01 2006