The Launch of New Arbitration Working Group by DIFC Courts

A new Arbitration Working Group has been launched by the Dubai International Financial Centre (DIFC). The panel of experts encompassing an advisory team of arbitration professionals, centres, educational institutions, bodies as well industry-related organisations will be tasked with sharing developments and reinforcing the best practices.

The DIFC Courts deals with a multitude of high-value arbitrations across the globe. More parties choose the DIFC Courts as the preferred seat of arbitration, expanded operations to accommodate the influx under the new division, offers a wealth of judicial experience that deals with high- value complex commercial disputes.

Competes with arbitration

Courts intentions does not compete with the arbitration industry but complements the service offerings of arbitration centres. They’re long- term vision is to work closely with industry-specific organisations and experts to gain a better understanding of how to adjust and modify the Court services to assist better with arbitration-related disputes, stated by Zaki Azmi, Chief Justice of DIFC Courts.

On February 2020, the Arbitration Division accommodate the increasing number of arbitration-related cases established by the DIFC Courts. The Arbitration Division leverages dedicated judicial, registry oversight and case management expertise chaired by Justice Shamlan Al Sawalehi.

The arbitration-related cases filed under the new division has led to increased efficiency of the process, injunctive relief mechanisms and ability to swiftly review applications for the interim measures.

The DIFC Courts exhibits regional, extensive national and global connectivity for empowering its specialised Arbitration Division in order to leverage existing enforcement expertise that ensures the certainty of recognition and enforcement of arbitral awards.

DIFC Courts are used by companies, lawyers and law firms by ensuring to write the court’s jurisdiction into their contracts for dispute resolution. The DIFC Courts are chosen for arbitration-related disputes as supervisory court and as a default seat.

Adoption of the Technology

The DIFC Courts delivers all services with an advanced technology infrastructure, accessible through tablets, smartphones or desktop devices on the COVID-19 pandemic. The Courts has pioneered to increase the access to justice amidst several technologies. The region’s first fully integrated e-Courtroom and Case Management System in 2016, that serves the region’s first ‘paperless’ e-bundling solution in 2018.

Recently, the new Arbitration Division hears applicants through teleconference, released Courts Orders and Judgements digitally. The Arbitration Working Group launches the inaugural meeting through video conferencing on October 1, that substantially discusses the objectives and functions as the next steps for the task force.

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Originally posted 2021-09-29 04:49:57.