Choose Wisely: Arbitration or Litigation!
Posted by Al Rowaad Advocates & Legal Consultants on March 27th, 2022
Dubai skyline is most admired amongst several countries due to multiple sky-scrappers and beautifully constructed buildings. It obviously indicates that country’s construction market is booming and holds the potential to invite multiple investments around the globe. Country has certainly witnessed an increment in international investment in construction industry and other commercial sectors which indirectly means an increment in commercial disputes amongst parties involved in such transactions. In such scenarios, Top Lawyers of Dubai are often asked about the benefits of entailing arbitration clauses in their commercial agreement as compared to litigation in UAE. Therefore, the present article will discuss some reasons behind opting for Arbitration over litigation in the country.
Federal Law number 6 of 2018 regarding UAE Arbitration Law governs and regulates the arbitration registered within the countries. However, every arbitration institute has set down rules and regulations mirroring the Federal law which further defines the procedure under which the arbitration will be conducted. Whereas, the Federal Law on Civil Procedures of 1992 governs the litigation or cases registered before the UAE courts. There are several arbitration institutes registered within the country for instance Dubai International Arbitration Centre (DIAC) or London Court of International Arbitration- Dubai International Financial Centre (LCIA-DIFC). As Lawyers of Dubai believe, there are few notable differences in arbitration and litigation and why in most countries companies opt for arbitration over litigation for dispute resolution, which are follows:
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About the AuthorAl Rowaad Advocates & Legal Consultants
Joined: February 3rd, 2021
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