A First for the DIFC: Court of Appeal Sets Aside Parts of a DIAC Arbitral Award

In a recent judgment in the case of Oheo Bank v Parker [2025] DIFC CA 006, the Dubai International Financial Centre (DIFC) Court of Appeal upheld an appeal against the Court of First Instance’s refusal to set aside a DIFC-seated DIAC arbitral award on the basis that the respondent, Oheo Bank (Bank), was not afforded an opportunity to present its case. In reaching its decision, the Court of Appeal held that it was persuaded, on a very narrow, fact-specific basis, that the high threshold for... By: K&L Gates LLP