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Law-Now 09 Dec 2024 · United Arab Emirates

Enforceability of unilateral option arbitration agreements in onshore Dubai - the Court of Cassation finally adjudicates

1 min read
IntroductionAlthough not commonly adopted in GCC construction contracts, commercial instruments sometimes include a unilateral option arbitration agreement (‘UOAA’). The UOAA essentially allows one party to decide at the time a dispute arises whether it should...

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