Any dispute concerning the interpretation of the Terms, Conditions, Limitations and/or Exclusions contained herein is understood and agreed by both the Insured and the Company to be subject to the laws of the United Arab Emirates Each party agrees to submit to the jurisdiction of any court of competent jurisdiction within the United Arab Emirates and to comply with all requirements necessary to give such court jurisdiction. All matters arising hereunder shall be determined in accordance with the laws and practice of such court.