Dispute Resolution:
Dispute Resolution solutions have evolved throughout time as the historical backdrop of company disputes has changed. Litigation procedures have been shown to be extremely ineffective and more likely to produce harm than good by stifling positive future connections and relationships between the parties involved.
Alternative Dispute Resolution:
Nowadays, not only has there appeared to be a worldwide shift in perspective from legislative control to deregulation in all aspects of life but there also appears to be a comparable shift from relying on exacting legal arrangements in resolving business or business debates to the use of procedures of Alternative Dispute Resolution (ADR), which is intended to cover a broad range of procedures received for the resolution of disputes other than through litigation.
Arbitration, Mediation and More:
Arbitration, conciliation, mediation, and negotiation are examples of these. Nonetheless, arbitration has proven to be the most widely accepted method for resolving business disputes, particularly in international markets. Arbitration has gained undeniable character among governments and international organizations as a conflict resolution mechanism. For example, most agreements now contain declarations that resolve issues through arbitration in the relevant jurisdiction.
Arbitration is becoming a widely used method in the UAE for settling commercial disputes. The fact that there are currently a few establishments that govern corporate discretions reflects the evolution of arbitration. If you are living in any city of UAE like Sharjah, then you can consult the lawyer’s in Sharjah to guide you on this. Lawyers in Dubai are also good in this regard.
Arbitration: A Superior Method:
Arbitration is seen as a superior method of resolving disputes. The law requires that consent to mediate be written down and signed by the parties who have the legal authority to dispose of the challenged right. A party cannot send a dispute to arbitration unless there is a written agreement to that effect. The Arbitration Law says that the arbitral court has the authority, on the request of any party or outsider, to allow a third party to intervene or participate in the arbitration if it is bound by the intervention agreement.
Finally, the most important organizations overseeing arbitration, particularly in the area of international commercial disputes, should keep the procedures and methodology as simple and uncomplicated as possible in comparison to litigation, so that the engaging quality arbitration cases are not lost, and strive to achieve an increasingly uniform, universally even arrangement of international arbitration to ensure simplicity.
After the Arbitration Award, the judgement here is taken to Court, where Civil Court gives a quick judgement and execution. The arbitration Award needs to be taken to Court for the final execution.