洞察力 / The Third Party Litigation Funding Law Review Sixth Edition Contribution from UAE Partners
09-01-2023 / 航运
We are delighted to share that Mohamed El Hawawy, Joint Managing Partner, and Natalie Jensen, Partner, from our Dubai office, have contributed the UAE chapter to the recently published Sixth Edition of the Third Party Litigation Funding Law Review.
新闻 / Court confirms issuer’s liability under letter of credit
22-11-2022 / 商品与贸易
Heytex Bramsche GmbH v. Unity Trade Capital Ltd  EWHC 2488 (Ch) The Court has rejected a finance company’s contention that the documents presented under a letter of credit (LC) that it had issued were discrepant, rendering the LC void. Among other things, the issuer had sought to argue that the standard UCP 600 terms that were incorporated into the LC had been modified and overriden by additional terms, such that the documents were discrepant. The Court, however, emphasised that clear notice would have to be given to effectively incorporate such additional terms which were a clear departure from the UCP 600 and which conflicted with the commercial nature of a LC. Here, any notice given was insufficient and the issuer remained liable under the terms of the LC.
新闻 / UAE Ministerial Directive Gives the Green Light towards Allowing Enforcement of English Court Judgments onshore the UAE
21-09-2022 / 能源及基础设施
On 13 September 2022, the UAE Ministry of Justice (MOJ) issued a landmark directive to the President of the Dubai Courts, referring to a recent English Court judgment in Lenkor Energy Trading DMCC v Puri (2020) EWHC 75 (QB) which enforced a UAE Court judgment, and urging the Dubai Courts to take requisite steps to follow the principle of reciprocity when it comes to enforcing English Court judgments in the UAE.
新闻 / Mohamed El Hawawy and Alastair Holland interview featured in Maritime Standard UAE Yearbook 2022/23
18-08-2022 / 航运
新闻 / Taking a closer look at the biggest factors driving the progress of the UAE’s maritime sector
10-06-2022 / 航运
As we move past the vertex of a U-shaped dip in the global shipping sector caused by supply chain restrictions arising from the COVID-19 pandemic, it is worthwhile to look back at the UAE maritime industry’s growth, lessons learned, and development outlook. Although international maritime trade dropped by 4.1 per cent in 2020, the UAE made significant achievements during this period, ranking third globally in the Bunker Supply Index, and fifth globally as a key competitive maritime hub.
新闻 / Agreement for existing DIFC-LCIA arbitrations to be administered by LCIA
01-04-2022 / 航运
Decree No. 34 of 2021 concerning the Dubai International Arbitration Centre (the ‘Decree’) came into force in September 2021 and aimed to streamline arbitration in Dubai by amalgamating it under one institution – the Dubai International Arbitration Centre (‘DIAC’). For a summary of the Decree’s contents.