Dubai:Dubai Chambers recently hosted a webinar in partnership with the DIFC Courts, concentrating on the intricacies of contractual clauses related to dispute resolution in mainland Dubai and the Dubai International Financial Centre (DIFC). The event saw participation from 289 individuals representing the private sector.
According to Wam, the session aimed to equip the business community and legal practitioners with valuable insights on crafting effective dispute resolution clauses. It provided guidance on navigating the legal frameworks and litigation procedures within the UAE.
The webinar delved into both legal and practical facets of drafting contractual dispute resolution clauses, stressing the importance of preemptively addressing potential risks to minimize costly litigation and maintain commercial relationships. It also underscored best practices for drafting effective Alternative Dispute Resolution (ADR) clauses.
Additionally, the session explored mediation as a viable method for resolving commercial disputes, noting its efficiency in saving time and costs while preserving business relationships. Representatives from Dubai Chambers and the DIFC Courts discussed their respective mediation services and the procedures involved.
The DIFC Courts Mediation Service Centre, established under Dubai Law No. 2 of 2025, offers parties an alternative route for dispute resolution, with the possibility of having settlements directly enforceable through the DIFC Courts.