
The arbitration process involves a neutral arbitrator, or panel of arbitrators, making a final and legally binding decision to resolve a dispute outside of court. It is generally undertaken by corporate entities who seek to avoid the route of litigation to obtain a speedy settlement and flexible procedures.
Contractual agreements often contain arbitration clauses that make it mandatory to follow arbitration procedures when settling a dispute that arises from that contract. Arbitration procedures offer many advantages in contractual disputes, particularly for commercial, real estate, and construction matters.
Hiring arbitration lawyers in Dubai for contractual disputes in the UAE is vital to ensure that you are well represented and obtain the best possible outcome in your case. Here are the distinct advantages in hiring lawyers that have an expertise in arbitration proceedings:
1. Expertise in corporate and international law
Contractual disputes often rise between foreign entities, one or both of whom may be head quartered outside the UAE. Thus, these disputes require an expertise in corporate and international laws. Arbitration lawyers will have developed an expertise in corporate law and compliance requirements such as the laws regarding commercial companies, laws regarding contracts and laws regarding taxation. They are also experts in international law.
2. Expertise in the UAE Arbitration law and proceedings
The United Arab Emirates has a federal arbitration law under Federal Decree Law No. 6 of 2018. Additionally, institutions such as the Dubai International Arbitration Center (DIAC) and the Dubai International Financial Center (DIFC) have their own rules and regulations regarding the arbitration process. An arbitration lawyer will have a deep knowledge of the UAE arbitration law, and the rules and procedures of the arbitration centers, thus helping you to smoothly navigate through the process.
3. Nomination and Communication with the arbitrator
An arbitration lawyer can help you nominate the required number of arbitrators who will arbitrate the dispute. Lawyers can also help in effectively communicating with the arbitrator or the chosen arbitration center managing the case file.
4. Appeal and execution procedures
After the end of the arbitration process, an arbitration lawyer can help you appeal the decision issued by the arbitrator(s) or file for execution of the decision before the UAE courts.
5. Strategic case management
Apart from being involved in the arbitration process, arbitration lawyers can also help you draft or review new contracts which contain enforceable arbitration clauses to prevent future disputes.
In conclusion, an arbitration lawyer in UAE can bring the expertise and the strategic knowledge necessary to effectively manage cross border disputes with a focus on creating enforceable solutions.