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Dubai's Highest Onshore Court Rules Unilateral Option Clause Unenforceable

Split or “asymmetric” arbitration clauses, commonly referred to as “unilateral option clauses” (“UOCs”), provide one party (or a group of parties, but not all the parties) with the exclusive option to elect between...more

Corporate Veil Piercing Remains Powerful Tool in New York-Seated Arbitrations

In October 2024 an attempt by Egyptian businessman Michel Lakah to set aside a 2018 ICDR award was rejected by the United States District Court for the Southern District of New York (“SDNY”), marking what the Respondent...more

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