The Dubai International Arbitration (DIAC) is a popular organization in Dubai that helps to solve disputes. It is famous around the globe for the convenience of offering resolutions for registered disputes. Dubai is the hub of many businesses including small and big ones.
It becomes necessary to know the DIAC law to raise the dispute, especially for business when you are living in a robust city like Dubai. You don’t need to worry about this as we are going to discuss most of the things that you need to know about Dubai International Arbitration here.
What is DIAC?
The DIAC arbitration is a non-profit organization in Dubai that offers a strong law to help individuals solve business disputes. The Dubai International Arbitration offers unbiased and quick resolution to the registered disputes. DIAC arbitration follows the simple and straight hearing process and offers a resolution that is also known as an arbitral award.
It offers many exceptional features that make it easy for people to register disputes and receive arbitral awards. DIAC arbitration has its main branch in Dubai, a modern and rapidly growing city in the world. The Dubai International Arbitration aims to become a global destination for resolving disputes.
Benefits of DIAC
The Dubai International Arbitration Center has many benefits that make it convenient to register disputes and receive resolutions. DIAC has updated its rules in 2022 and offers that arbitration requests, hearings, and pleadings can be registered digitally as well. It means now people can choose whether they want to hold a hearing personally, on a call, or through a video call as per article 20.2 of the new DIAC rule.
The Dubai International Arbitration Center offers a quick and straightforward arbitration process that helps you to receive arbitral awards easily without any delay or hassle. DIAC also offers a fair opportunity to comment on their thoughts on the disputes equally. You will receive the resolution from the top experts who have vast years of experience in their field.
Reasons to Choose DIAC
- The Dubai International Arbitration Center offers a flexible and unbiased law to resolve disputes and offer arbitral awards.
- DIAC has a panel of highly experienced arbitrators who have resolved many complex business disputes effectively.
- DIAC keeps all the dispute information confidential throughout the process.
- Individuals who have a language barrier can choose to proceed with the arbitral process in suitable languages.
- DIAC has its head office in Dubai which is convenient for the people living in Dubai.
- It is the most cost-effective way of resolving disputes quickly.
- Both parties receive an equal chance to comment on the arbitration process to receive an unbiased arbitral award.
Conclusion
The Dubai International Arbitration Center is the best organization to seek help to resolve business disputes. You can easily register disputes, submit evidence, attend hearings at your convenience, and receive justice as per the UAE law. The arbitral award which is known as resolution has to be accepted by both parties. However, people can seek enforcement through UAE courts as well. Consider all the details of DIAC and use it to resolve your business disputes easily and quickly.
