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The International Chamber of Commerce (ICC) DOCDEX panel has ruled in favor of RA’s client, by deeming an Issuing Bank liable to honor a documentary credit of approximately USD 26,000,000 plus interest. Details of the dispute: The dispute mainly revolved...

In Brief As a result of the repercussions of the COVID-19 pandemic, the United Arab Emirates (UAE), have recently applied amendments and provisions to the UAE Bankruptcy Law. As per the most recent amendments to the UAE Bankruptcy Law, Recovery...

The Saudi Supreme Court has ruled, as of December 23, 2020 (08.05.1442 AH) to apply force majeure to commercial transactions that meet certain conditions, brought on by the COVID-19 pandemic, based on resolution No. (45/ M). After an extensive review...

UAE Civil Procedures Law introduces changes to litigation in UAE Courts.  In May 2020, the UAE Civil Procedures Law was amended, with the introduction of the UAE Ministerial Decree No. 33 of 2020, pertaining to the amendments of the Ministerial...

Dubai Courts uphold party autonomy and decide against subrogating an arbitration agreement. Recovery Advisers prevailed in a landmark case representing a major Export Credit Agency (ECA) in front of the Dubai Courts. The key outcome of the case addresses two...