Arbitration and Process and Lawyers cum Arbitrator
Arbitration and Process and Lawyers cum Arbitrator
Regardless of what else is going on in the world, whether it be a natural disaster or political unrest, everyone is currently most worried about the pandemic and its serious effects on the entire planet. The entire economy, the majority of the industry, and administrative divisions in many areas of the world, including the Middle East, have all been negatively impacted by the novel coronavirus infection (COVID-19) pandemic.
Our current system of cooperation and teamwork has changed as a result of the peaceful lockdown that is currently in place across the Middle East. It has undoubtedly had an impact on the area that will be covered in this article, namely arbitration, and how arbitrations are handled in the UAE according to the lawyers in Abu Dhabi.
The good news in this difficult year is that arbitration was created for situations like this. It is, or should be, malleable and open to the demands of the party. Almost all arbitration institutes are proficient in the use of technology and are readily adjusting to the new way of living in the midst of the pandemic, in contrast, to, say, court litigations where parties are frequently engaged to concur whatever methodology they have.
For example, the ADGM Arbitration Center (ADGMAC) in Abu Dhabi offers state-of-the-art hearing facilities for arbitration hearings that facilitate procedural meetings that support the participation of parties and witnesses across the distance. The risk of a virus will also promote the electronic accommodation of hearing packets, evidence, and pleadings. In this way, the use of artificial intelligence (AI) and virtual hearing settings will grow exponentially at all stages of the arbitral process, drawing attention to ADGMAC's clever technological strategies.
Comparatively, the increased use of advanced technology in the arbitration process will ostensibly loosen the requirements for the overly formalistic physical execution of arbitral awards for electronic marks, which, according to some Abu Dhabi legal advisers, is now permitted by reading the Federal Arbitration Law literally.
The Arbitration Law advances, inside the significance of its Article 41(6) permitting the signing of the arbitral award either in presence of everyone or if forwarded to the tribunal independently or by electronic means, demonstrating once more how it should be done. You must immediately contact the Best Lawyers in Abu Dhabi if you are involved in an arbitration that has been halted due to a coronavirus or are considering filing one given the current circumstances. Read news about Arbitration Law Firms in Dubai.
