Dubai's Highest Onshore Court Rules Unilateral Option Clause Unenforceable
By EsqSocial Corporation 24/12/24
Split or “asymmetric” arbitration clauses, commonly referred to as “unilateral option clauses” (“UOCs”), provide one party (or a group of parties, but not all the parties) with the exclusive option to elect between arbitration or litigation to resolve their disputes. Typically (but not always) there is then a default dispute resolution method for all parties providing for a different forum (arbitration or litigation)....
By: Mayer Brown