Arbitration as an effective way of solving commercial disputes is gaining popularity in UAE more and more. Moreover, it brings some advantages such as privacy, efficiency, as well as enforceability, due to which many businesses prefer arbitration as a method of dispute resolution rather than litigation. Consulting a professional arbitration lawyer in UAE will greatly help in improving the success chance all through this process.
What is Arbitration?
Arbitration is one of the forms of Alternative Dispute Resolution wherein the dispute is resolved by an arbitrator either individually or collectively known as the arbitration panel. This method is formal and can be handled according to certain guidelines, for example DIAC, DIFC- LICA, or the ICC. Besides this, arbitration is not as public as a court trial, and it can be less time-consuming, which can be advantageous for businesses.
Clients in the UAE are guaranteed a professional representation by a team of arbitration lawyers at Emirates Advocates, enabling them to have an effective completion of their disputes in a way that presents a competitive edge for the business when handling the conflicts.
The Arbitration Process Explained
Step 1: Initiation and Notice
The arbitration process begins with a formal notice. A claimant immediately serves a notice of arbitration on the respondent, stating the type of dispute, the remedy sought, and the candidates for the appointment as arbitrators. The process is initiated according to the provisions set under the arbitration agreement. A good arbitration lawyer in UAE will make sure that the notice is written in a proper manner to avoid any unnecessary delays or jurisdictional concerns as well.
Step 2: Constitution of the Tribunal
Once the notice is acknowledged, the next step is to appoint the arbitrator. In order to provide legal assistance, the arbitration lawyer guides the clients on the most suitable, qualified, and impartial arbitrators. Emirates Advocates’ team has the know-how of how the parties to the arbitration select the arbitrators to ensure that the arbitrators chosen are relevant to the type of case it is, for instance, construction, finance, or trade.
Step 3: Hearings and Award
After the tribunal is constituted, the case proceeds to hearings where both parties present their evidence, make arguments, and cross-examine witnesses. The final award is issued once the tribunal has reviewed all the information. An efficient arbitration lawyer in UAE will ensure that the arbitration process runs efficiently as well as represent the interests of the client.
Conclusion
In short, arbitration is a private, efficient, and legally effective means of settling a dispute. Emirates Advocates helps clients to complete the arbitration process effectively through the professional service of an arbitration lawyer in UAE.
