ZAWYA-PRESSR: DIAC receives Permanent Arbitral Institution recognition in Russia

Dubai, United Arab Emirates – Dubai International Arbitration Centre (DIAC) has been granted Permanent Arbitral Institution (PAI) status in the Russian Federation, marking a further step in the Centre’s international recognition and reinforcing its role as a globally accessible forum for resolving disputes.Obtaining this status is contingent upon a structured process and a clear demonstration of the arbitral institution’s international reputation, in accordance with the criteria set by the Ministry of Justice of the Russian Federation. The process was supported by EPAM Law Offices – an international law firm from Russia with offices in the UAE – and Horizons & Co, an Emirati-founded law firm specialising in dispute resolution.The granting of PAI status reflects DIAC’s institutional framework, procedural standards and governance architecture. It aligns with the Centre’s long-term strategy of supporting cross-border dispute resolution and broadening access to its institutional services across key international jurisdictions.“As a PAI, DIAC becomes the first arbitral institution from the UAE and the wider region to receive such formal recognition. This important milestone demonstrates international confidence in DIAC and supports its continued institutional growth” said Jehad Kazim, DIAC’s Executive Director.DIAC administers disputes across a broad range of sectors, including construction and real estate, energy, retail and consumer goods, transport and logistics, manufacturing and industrial and banking and finance. In 2024, the Centre registered 295 new cases with an aggregate value in dispute of US$2.65 billion, involving parties from 53 nationalities. As part of its continued focus on accessibility, DIAC has expanded the availability of its Arbitration Rules by translating them into five additional languages, including Russian.About DIACEstablished in 1994, the Dubai International Arbitration Centre has over three decades of experience providing dispute resolution services to parties doing business in, or through, the MEASA region. The Centre is the region’s largest arbitral institution, independent and impartial, committed to excellence, efficiency, and diversity. Dedicated to providing unmatched services, DIAC’s Arbitration Court, Board of Directors, and Arbitration and Mediation Rules solidify its position as a leading arbitral institution. To learn more, visit diac.com.Send us your press releases to pressrelease.zawya@lseg.comDisclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.