Examine This Report on Arabian Finance Awards
Examine This Report on Arabian Finance Awards
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b. The arbitration clauses during the Leases and also the Assures were void and unenforceable because they weren't sufficiently obvious or conspicuous.
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c. The Claimant waived the arbitration clauses by failing to look from the Dubai Court docket Continuing and by failing to invoke the correct to arbitrate pursuant to All those clauses (Answer two.two);
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On the other hand, this Tribunal present in Procedural Purchase #two that the existence of those Dubai Courtroom Proceedings didn't justify a stay of this arbitration. Procedural Get #2 and Everything of your reasoning therein is hereby integrated into this Final Award. As is additional discussed later With this Last Award, this tribunal confirms that the existence with the Dubai Court docket Proceeding isn't going to deprive this arbitral tribunal of its jurisdiction and obligation to hear the merits of the arbitration.
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