Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Lawyers in Dubai – STA
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Evolution has created several ways of defying the unsettling consequences of disputes. In the animal kingdom, where survival is dependent on mutual respect, harmony, and assistance, there is a need to maintain beneficial relationships. For example, chimps kiss and embrace after fights. As we have evolved, so have our dispute resolution methods. Arbitration is a significant development in the way trade disputes gets settled between two parties. In this article, we will discuss the evolution of the Abu Dhabi Commercial Conciliation and Arbitration Centre (the ADCCAC) and its policies and procedures and broadly clarify the law governing arbitration in Abu Dhabi.
We must take note that parties that are desirous of employing ‘arbitration’ as a preferred choice of dispute resolution mechanism must incorporate a model clause into their contracts and agreements. This arbitration clause must categorically set out that in the event of any dispute(s) that is a result of the execution, interpretation or termination of the contract, the parties will attempt to resolve the difference or dispute in agreement with the Rules of the ADCCAC.