Dubai's abolition of joint venture was a shock, confirms LCIA
The main building of the DIFC in Dubai
The LCIA has confirmed that Dubai's recent abolition of its joint venture with the DIFC and transfer of its assets to a rival arbitration centre came as a complete shock, as sources speak to GAR about the ramifications of this "outrageous expropriation of the crown jewel of the Dubai arbitration landscape".
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