Dubai court judgment on meaning of 'countersignatory' in shipping contracts

August 2015
Law Update;8/26/2015, p1
The article discusses the decision of the Dubai Court of Appeal which recognizes a foreign arbitral award made against a countersignatory in the United Arab Emirates. The ruling of the Court of Cassation and the second judgment by Court of Appeal are explained. The significance of the decision which clarifies the countersignatory designation may in a charterparty result in the countersignatory deemed to a party to the contract is highlighted


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