Apart from whatever else is happening around the world be it natural calamity or political issues, everyone as of now is concerned mostly about the pandemic and its severe impact worldwide.
The novel coronavirus illness (COVID-19) pandemic has deadened the world economy and most of the industry and administration divisions in many sectors of the world, including the Middle East.
The orderly lockdown currently set up over the Middle East has changed the manner in which we cooperate with one another and the manner in which we work together today. It has certainly impacted the sector to be discussed in the present article which is Arbitration and the way arbitrations are conducted in UAE- an insight by Arbitration Lawyers in Dubai.
The good news in this bitter year is that arbitration was designed for this kind of a circumstance. It is, or ought to be, adaptable and receptive to the party’s needs. Dissimilar to, for instance, court litigations, parties have simple access to their councils and are commonly engaged to concur whatever methodology they think about fitting to determine their dispute, however, almost all arbitration institutes are well versed with the use of technology are easily adapting the new way of living amidst the pandemic.
For instance, ADGM Arbitration Center (ADGMAC) in Abu Dhabi, specifically, gives cutting edge facilities for arbitration hearings for facilitating procedural gatherings that encourage the remote support of both parties and witnesses. The danger of viruses will likewise advance the electronic accommodation of pleadings, proof, and hearing packs. In this sense, virtual hearing settings and the utilization of man-made reasoning at all degrees of the arbitral proceedings will increment exponentially and, in that capacity, make noteworthy attraction towards ADGMAC’s shrewd technological practices.
On the other hand, International and local arbitration centers have kept on working flawlessly. The International Court of Arbitration of the International Chamber of Commerce (ICC) and the London Court of International Arbitration (LCIA) have quickly adjusted their strategies and case organization to take into consideration new and pending cases to continue. The ICC has digitalized any Requests for Arbitration, crisis authority applications, and some other demands in ADR procedures. The LCIA has given that all solicitations, applications under Article 9 of the LCIA Arbitration Rules, correspondence, and arbitral honors are to be put together by email.
In a comparative vein, the expanded utilization of advanced technology over the arbitral proceedings will apparently loosen up necessities for the excessively formalistic physical execution of arbitral awards for electronic marks, which, as indicated by certain Legal Consultants in Dubai, are now allowed by reading the literal language of Federal Arbitration Law. Once more, the Arbitration Law shows others how it’s done, advancing, inside the importance of its Article 41(6) allowing the signature on the arbitral award either in presence of all or if forwarded to the tribunal independently or by electronic means.
If in the event you find yourself in an ongoing arbitration stopped because of coronavirus or is thinking about filing an arbitration during the current situation, you should not think any further and must reach out for Best Lawyers in Dubai.