A high level of expertise has secured Konstantin Putrya, Partner of NAVICUS.LAW, a place on the list of arbitrators at the Dubai International Arbitration Centre (DIAC) for an initial period of two years.
The prestigious Queen Mary University of London recognises DIAC as the leading arbitral institution in the Middle East. Over the past 30 years, the Centre has evolved from a department within the Dubai Chamber of Commerce and Industry into a fully independent institution.
Notably, the updated DIAC Rules provide for the following:
- the appointment of an Emergency Arbitrator for the prompt determination of applications for interim measures;
- the use of third-party funding arrangements;
- the consolidation of proceedings and the joinder of additional parties;
- the conduct of hearings via video conference;
- the application of expedited proceedings for claims valued at up to USD 270,000.
