{"id":23735,"date":"2016-08-23T21:46:23","date_gmt":"2016-08-23T14:46:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=23735"},"modified":"2016-08-23T19:59:06","modified_gmt":"2016-08-23T12:59:06","slug":"brookfield-and-difc-agree-on-arbitration-over-alleged-gate-building-defects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brookfield-and-difc-agree-on-arbitration-over-alleged-gate-building-defects\/","title":{"rendered":"Brookfield and DIFC agree on arbitration over alleged Gate building defects"},"content":{"rendered":"


\nThe Dubai International Financial Centre (DIFC) has agreed with developer Brookfield Multiplex to go to arbitration in the DIFC Courts over alleged defects in the construction of the Gate building, the heart of Dubai’s financial centre.The agreement, contained in a consent order granted by the DIFC Courts this month, heads off a legal confrontation between the two parties and will allow the dispute to be settled within DIFC jurisdiction.The DIFC originally took action in non-DIFC courts in the jurisdiction of the emirate of Dubai after a slab of marble fell from the Gate in October, seeking the appointment of an expert to inspect and report. It did so because the Gate was built in 2003, before the DIFC came into existence as a legal jurisdiction the following year.In the order made by the DIFC Courts, both parties “agree that the seat of any arbitration arising out of the [2003 deal that led to the Gate construction] should be the DIFC, and any arbitration should be governed in accordance with DIFC and London Court of International Arbitration rules”. Brookfield and the DIFC have agreed to hold off claims and applications against each other until arbitration is agreed.In its original case, the DIFC claimed that Brookfield “committed irregularities in technical and engineering works, which caused substantial damage to the building and endangered the safety of the building and its workers”.Part of the area around the base of the Gate building, which is used for ceremonial events and as a public thoroughfare, remains closed since the incident.fkane@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Brookfield and DIFC agree on arbitration over alleged Gate building defects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dubai International Financial Centre (DIFC) has agreed with developer Brookfield Multiplex to go to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-23735","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6aP","jetpack-related-posts":[{"id":22205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/difc-in-dispute-with-developer-over-alleged-defects-in-the-gate-building\/","url_meta":{"origin":23735,"position":0},"title":"DIFC in dispute with developer over alleged defects in The Gate building","date":"August 7, 2016","format":false,"excerpt":"\r The Dubai International Financial Centre is involved in a legal confrontation with Brookfield, the Canadian developer, over alleged defects in the construction of The Gate building 13 years ago.Part of the open space beneath The Gate - used for ceremonial and social events and as a public thoroughfare -\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/difc-in-dispute-with-brookfield-over-defects-in-gate-building\/","url_meta":{"origin":23735,"position":1},"title":"DIFC in dispute with Brookfield over 'defects' in Gate Building","date":"August 8, 2016","format":false,"excerpt":"\r Latest ruling permits DIFC to pursue Dubai Courts case against Canadian developer\r \r Source : arabianbusiness.com\r Read more...DIFC in dispute with Brookfield over 'defects' in Gate Building","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22337,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/difc-in-dispute-with-brookfield-multiplex-over-defects-in-gate-building\/","url_meta":{"origin":23735,"position":2},"title":"DIFC in dispute with Brookfield Multiplex over 'defects' in Gate Building","date":"August 8, 2016","format":false,"excerpt":"\r Latest ruling permits DIFC to pursue Dubai Courts case against Canadian developer\r \r Source : arabianbusiness.com\r Read more...DIFC in dispute with Brookfield Multiplex over 'defects' in Gate Building","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158122,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/difc-courts-claims-rise-38-in-first-half-of-2025-as-dubai-legal-hub-strengthens\/","url_meta":{"origin":23735,"position":3},"title":"DIFC Courts claims rise 38% in first half of 2025 as Dubai legal hub strengthens","date":"July 23, 2025","format":false,"excerpt":"\r The DIFC Courts Wills Service also registered 922 wills during the first six months of 2025, a 14 per cent increase from 2024\r \r Source : arabianbusiness.com\r Read more...DIFC Courts claims rise 38% in first half of 2025 as Dubai legal hub strengthens","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/07\/DIFC-Courts-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retail-leisure-and-green-spaces-at-difcs-new-gate-avenue-development\/","url_meta":{"origin":23735,"position":4},"title":"Retail, leisure and green spaces at DIFC's new Gate Avenue development","date":"April 27, 2016","format":false,"excerpt":"\r Dubai International Financial Centre has unveiled details of Gate Avenue, its new Dh475 million development, the biggest single infrastructure project it has launched since it opened 12 years ago.The project - expected to be completed by the end of 2017 - is a vital component of DIFC's strategy to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137754,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/difc-sets-up-dubai-ai-web-3-0-campus-will-create-over-3000-jobs\/","url_meta":{"origin":23735,"position":5},"title":"DIFC sets up Dubai AI & Web 3.0 campus; will create over 3,000 jobs","date":"June 20, 2023","format":false,"excerpt":"\r The Campus, spanning over 100,000 sqft within the DIFC jurisdiction, will focus on the use of AI and Web 3.0 in the financial services industry\r \r Source : arabianbusiness.com\r Read more...DIFC sets up Dubai AI & Web 3.0 campus; will create over 3,000 jobs","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/06\/DIFC-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23735"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=23735"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23735\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}