Dubai, UAE – October 29, 2023 – The Dubai International Arbitration Centre (DIAC), a longstanding authority in alternative dispute resolution (ADR), is making waves in the legal landscape. With its recently released Mediation New Rules of 2023, DIAC is stepping up as a pioneering force in the field of ADR. This groundbreaking move aligns with the center’s unwavering dedication to adapting to the evolving needs of the business community in Dubai and beyond.
A Legal Milestone for DIAC
DIAC’s extensive experience in resolving high-value arbitration cases, acquired since its establishment in 1994, has been the foundation for this innovative leap. The newly unveiled Mediation Rules of 2023 are set to redefine the ADR landscape in the United Arab Emirates and the broader Middle East and North Africa (MENA) region.
Jehad Kazim, Executive Director of DIAC, emphasized the significance of this development, noting, “Mediation is deeply rooted in numerous cultures, and introducing these mediation rules marks a milestone in our institutional growth and our determination to merge time-honored traditions with modern techniques. We aim to pioneer and lead, ensuring our services are in sync with today’s dynamic business world.“
The hallmark of these Mediation Rules is a profound commitment to confidentiality. DIAC has set clear timeframes for resolutions, assuring all parties involved have a well-defined path to dispute resolution. Additionally, DIAC will provide industry-specific mediators, ensuring that the unique requirements of every sector are expertly met. This forward-thinking approach aligns perfectly with Dubai’s dynamic and diverse business landscape.
Bridging Language Barriers
DIAC recognizes the importance of accessibility. These rules were originally drafted in English but have been thoughtfully translated into Arabic to ensure a broader audience can comprehend and utilize them. This move underlines DIAC’s commitment to serving the diverse and international business community in Dubai.
Official Launch and Key Takeaways
The official launch of these rules was celebrated at a special event, where industry leaders delved into the nuances of this transformative framework. Gemma Nemer, CEO of Falcon & Associates, moderated the event, which featured insights from key figures including Graham Lovett, DIAC Board of Directors Member; Mohammed AlSuwaidi, DIAC Arbitration Court Member; and Wolf Von Kumberg, DIAC Advisory Committee Member.
1. Confidentiality and Efficiency: These rules underscore DIAC’s commitment to maintaining confidentiality. They offer an ideal choice for discerning businesses that value privacy and efficiency in dispute resolution.
2. Industry-Specific Mediation:Businesses can now expect resolutions tailored to their unique sectoral challenges, promising a more nuanced approach to conflict resolution.
3. Pioneering in the UAE:DIAC’s Mediation Rules herald a new era of advanced dispute resolution in the UAE, reinforcing the region’s reputation as a leader in ADR.
With the release of the DIAC Mediation Rules of 2023, the UAE and the broader MENA region are on the cusp of a transformative era in ADR. These rules not only provide a robust legal framework but also instill faith in the mediation process. By emphasizing confidentiality, flexibility, and industry-specific expertise, DIAC is paving the way for a brighter and more efficient future for dispute resolution.
As DIAC leads the charge, it underscores Dubai’s commitment to progress, tradition, and excellence in facilitating dispute resolution within its vibrant business community. These Mediation Rules are set to leave an indelible mark on the ADR landscape, making Dubai an even more appealing hub for businesses and investors.
For more information on the Mediation Rules, visit DIAC’s official website.
If you have any dispute and you are seeking to resolve it via mediation, Reach out to Legal consultants in Dubai who can help you out in Complying with the new rules, top law firms in Dubai can help you out to give consultation according to your tailored situation.