UAE: Attachment orders apply while recognition is pending
Friday, 13 December 2013 (over 2 years ago) • Issue: Volume 9 - Issue 1
The Abu Dhabi Court of Cassation recently ruled that a precautionary attachment order can be granted on the basis of an arbitral award before the award has been formally recognised by the courts and without the need to show any fear that the assets may be dissipated. Robert Karrar-Lewsley and Ahmad Ghoneim of Al Tamimi & Company report
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