As of May 7th 2007, the new DIAC arbitration rules have come into effect. The new rules have come into effect. The new rules have been issued by Decree No. 11 2007 upon their approval by H.H. the Ruler of Dubai on the 6th of May 2007, and their issuance in the Official Gazette, No. 321 on May 7th, 2007. All new applications for arbitration submitted to DIAC after the aforementioned date ashall be governed by these rules. The new DIAC arbitration rules now replace the once applicable Rules of Commercial Conciliation and Arbitraion of Dubai Chamber of Commerce and Industry No. (2) of 1994. The latter was applicable to all arbitraion cases since 1994 until the 7th of May 2007.