With underfunded judicial systems across the globe remaining a low priority for lawmakers, alternative dispute resolution (ADR) and online dispute resolution (ODR) services continue to proliferate. The Abu Dhabi Global Market (ADGM), a free zone for finance and trading, has announced the beginning of construction for a state-of-the-art arbitration hearing center to be used by the UAE and global corporations for cross-border transactions. The expansion seeks to put the UAE on par as one of the foremost leaders in international dispute resolution with other common international arbitration seats like Paris, Vienna and Brussels.
Set to open and be fully operational in early 2018, the center is welcome news for legal professionals in the Emirates, who, according to a recent article announcing the expansion, have championed the facility and development as “highly important” to the legal infrastructure of the country and are excitedly anticipating increased interest from the international community via the International Chamber of Commerce’s involvement in the endeavor. The result will be more open and free trade in a safer, well-oiled market that is protected by an efficient system of alternative dispute resolution.
At FairClaims we share a similar goal of increasing access to justice so disputes over even small transactions can be resolved quickly and easily. We are always excited to hear about the expansion of ADR, but with FairClaims you arbitrate against someone in Dubai right from your couch using our online dispute resolution platform. Forget traveling to far flung parts of the US or the world to resolve a dispute, they can now be resolved from anywhere.
Email us at email@example.com if you’d like to learn more about how FairClaims can help your business resolve disputes more quickly and effectively.