DIAC and LCIA Joint Press Release

The Dubai International Arbitration Centre (DIAC) and the London Court of International Arbitration (LCIA) are pleased to announce that they have agreed terms consistent with Decree No. (34) of 2021 of the Government of Dubai by which the LCIA will administer all existing DIFC-LCIA cases (i.e. those commenced and registered by the DIFC-LCIA under a designated case number on or before 20 March 2022) from London. The DIAC and the LCIA have agreed a mechanism for the orderly management of funds paid by parties into bank accounts previously held on behalf of DIFC-LCIA and now owned by DIAC, pursuant to which the DIAC shall transfer such casework related payments to the LCIA to be disbursed to the respective beneficiaries by the LCIA directly. The LCIA will communicate with parties and tribunals as soon as practicable. All enquiries regarding cases commenced and formally registered on or before 20 March 2022 should be emailed to: DIFC-LCIAcasework@lcia.org