"Inaugurated by His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, the Dubai International Financial Centre (DIFC) today announced a joint venture with the London Court of International Arbitration (LCIA) to offer dispute resolution services to all business and commercial sectors, providing a cost-effective and timely alternative to the Courts.

The joint venture establishes a new centre for the administration of international arbitration and mediation to complement the independent legal and regulatory framework of DIFC."