On Arbitration Landscape DIAC Webinar Examines Impact Of Covid-19

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On Arbitration Landscape DIAC Webinar Examines Impact Of Covid-19

Dubai International Arbitration Centre (DIAC), an initiative of Dubai Chamber of Commerce and also Industry, just recently organised a webinar taking a look at the impact of the Covid-19 pandemic on the arbitration landscape as well as practical services for guaranteeing the effectiveness of dispute resolution.

The virtual workshop, entitled Covid-19: Effect on Adjudication: Between Difficulties as well as Practicalities, was joined by 200 individuals, including DIAC officials, arbitration experts and members of the local business neighborhood.

Presentations and conversations highlighted brand-new arbitration-related difficulties created by Covid-19 outbreak, as well as essential actions taken by DIAC as well as the international arbitration community in solving them, which include digital settlement as an alternate choice in fixing disputes.

Mr Rashid Shahin, DIAC Director, provided the opening speech. The discussion session was moderator by Mr Ahmed Ibrahim, Managing Partner of Fenwick Eliot. Live argument as well as different sights were cooperated the session by both identified speakers,

Mr Ali Al Aidarous, Managing Attorney and also Founder of Al Aidarous Advocates as well as Legal Consultants; as well as Prof. Dr. Georges Affaki; Partner of AFFAKI.

Arbitration experts worried the need to make sure personal privacy and also confidentiality of all parties associated with virtual settlement, and also shared their views as well as recommendations for administrating hearings, handling witnesses in giving evidence, taking care of awards and also making use of e-signatures to speed up the negotiation process.

Addressing participants during the webinar Rashid Shahin, Director of DIAC, specified on the UAE Arbitration Law and mentioned that the regulation gives flexibility for adapting arbitration treatments according to the transforming requirements of services, including that DIAC has been quick in its action in managing the Covid-19 situation, by utilizing digital remedies to deliver high-calibre arbitration services.

He discussed that courts in the UAE have made use of remote functioning to continue their function of overseeing and also supporting arbitration process in recent months, in spite of limitations in position.

Dubai International Arbitration Centre (DIAC), being the largest arbitration centre in the Middle East, offers local as well as international company neighborhoods with arbitration as well as conciliation services.