Options of Dispute Resolution in the UAE
The UAE is a major business hub around the globe. Investors and entrepreneurs face disputes in businesses. Sometimes, cross-border transactions become problematic. The advocates in Dubai help the business sector through litigation or arbitration. However, the latter is an economical way of resolving any dispute because it is a settlement out of court. Litigation is time-consuming as well as an expensive choice for dispute resolution because it has court proceedings that require time for the verdict. There are alternatives to dispute resolution, such as mediation and negotiation. The main difference between both types of dispute resolution is that mediation has a third party known as a neutral party who would facilitate both parties and have a mutual agreement. But the negotiation is when both parties directly interact and find a common ground to agree to resolve the dispute.
Talking to an Industry Expert
Sometimes, a dispute is unresolved because an expert on the case is not involved. Some experts have industry-specific knowledge. They make the best decision to resolve the dispute with their technical knowledge of the legal matter. Most importantly, they have cost-effective strategies.
Conciliation
Conciliation is slightly different from all other alternatives of dispute resolution. The conciliator proposes solutions only. It depends on the parties if they want to go ahead with those recommendations.
Technological Way of Dispute Resolution
With the advancement in technology, the advocates in Dubai are offering online legal services. They provide legal solutions to their clients through emails and work portals. The virtual mode of legal counselling is a economical way of resolution.
Sometimes, disputes are not resolved through one way of resolution. A hybrid approach could be used for quick dispute resolution. For example, a legal case can be handled through negotiation and followed by mediation. Involving a mediator means that a third party has confirmed the mutual agreement between the two parties.
The advocates in Dubai are really good with mediation and negotiation. They would suggest to their clients to look for alternative methods of dispute resolution to avoid longer court proceedings. They are also known for sharing customised legal advice for their clients. Hence, people love Dubai for its diverse and adaptable legal system. It is a relief for businesses, especially when they have to make quick decisions on business legal matters.
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