To have the award recognized: seventy days (ten days to file and sixty days to have the recognition/ratification order issued).
Same as above, as the action for recognition/ratification of the foreign award is requested and ordered on an ex parte basis.
If the recognition order is then opposed by way of Grievance (which must be filed within thirty days of the date of the ratification order), the approximate time would be three to five months for the Grievance to be ruled on. Enforcement begins after the recognition/ratification order is upheld at the Grievance stage.
A Cassation Appeal can also be filed within sixty (60) days thereafter. The duration of these proceedings is usually between three to six months and enforcement can be suspended depending on the Cassation Court’s order. It can also be canceled if the recognition order from the lower court is overturned at the Cassation stage.
Between AED 5,550 and AED 6,000 (between USD 1,510 and USD 1,633), excluding counsel's fees.
Same as above. If a Grievance is filed there would be an additional charge of AED 520 (USD 142) and if a Cassation Appeal is filed, this would cost AED 5,020 (USD 1,367), excluding counsel's fees.
Interest granted in an Award can be deemed unrecognizable due to Sharia (public order) principles, particularly in the Courts of Emirates other than Dubai. Any other aspects of the Award contravening Sharia principles could be deemed unrecognizable.