CIArb – a not-for-profit, UK registered charity working in the public interest through an international network of branches – has a global membership of around 12,000 individuals who have professional training in private dispute resolution. And it is clear that arbitration is becoming an increasingly attractive vehicle for resolution of disputes – free from the financial and reputational burdens of open-ended litigation.
To help growth further this field, and introduce this YMG, an inaugural social event was held last week at the Capital Club, in the Dubai International Financial Centre. Justice David Williams QC, one of the judges of the DIFC Courts and a leading international arbitrator, spoke briefly on current arbitration issues. The event was an elite gathering of legal practitioners in the UAE and was also attended by UAE Branch Chairman Essam Al-Tamimi.
“Arbitration is becoming the procedure of choice for formal dispute resolution in the UAE” said Eli Hyder, Chief Legal Officer of Enshaa PSC, who is also an Associate Member of CIArb.
“Arbitration can offer several other advantages over litigation such as flexibility, privacy and greater control over proceedings. In addition, unlike the local courts, rights of audience are not restricted largely to lawyers who are UAE nationals.”
Mr. Hyder added: “This gathering was a good opportunity for those who are interested in arbitration to share ideas, network and to also have the chance to hear Justice Williams speak – one of the world’s most respected international arbitrators”.
The UAE is developing rapidly in this field for several reasons. It has a well-respected and established legal infrastructure, is a growing financial and tourist hub, and the low-tax, investment-friendly environment is attractive to top international law firms. Plus, of course, the lifestyle is appealing to young people beginning their careers, who want to take advantage of an international centre, like Dubai in particular.
It’s not the first event for the UAE branch of CIArb. Based in Dubai, it has seen significant growth in members in the past few years, and has been most active in providing training. Courses run have included: an Entry Course, an Accelerated Membership Programme, several Peer Interviews and a mock hearing.
In addition to providing education and training for arbitrators, mediators and adjudicators, CIArb acts as an international centre for practitioners, policy makers, academics and those in business concerned with the cost-effective and early settlement of disputes. This gives users confidence that the very best people are helping to resolve their dispute.
The Steering Committee of the UAE branch of CIArb is also interested in having more young members involved in the running of the branch, promoting it to other young members and increasing youth membership, preparing the ground for a long-term growth industry for the country and the region.
Monday, November 29- 2010 @ 10:21 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.