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The Nullity of the Arbitral Clause and the Arbitration Award For the Lack of Capacity on the Part of the Signatory to the Arbitral Clause

Last updated on May 14th, 2019 at 02:31 pmUpon drafting a sale and purchase contract for the purchaser of the residential unit in one of its projects, one of the pioneering real estate development companies in Dubai whose legal form is a limed liability company intended to verbally authorize its sale officer to sign a sale and purchase contract under its letterheads including the guaranteed conditions and obligations undertaken by the parties to the contract – both the seller and the purchaser –inter alia the clause which provides for the resort to institutional arbitration in lieu of the normal litigation. … Continue reading The Nullity of the Arbitral Clause and the Arbitration Award For the Lack of Capacity on the Part of the Signatory to the Arbitral Clause