Arbitral award challenges least fruitful in Middle East and New York

A report has unveiled how courts are handling challenges to international arbitration awards, with England and Wales the most likely jurisdiction to annul an award, and the offshore UAE the most resistant. An in-depth study has revealed low overall success rates for challenges to arbitral awards, although stark jurisdictional differences exist, with courts in the Middle East and New York being more averse to quashing awards, while attempts to set aside an award have over twice as much success