Saturday, April 13, 2024

Dubai is one of the top 10 largest arbitration centers in the world

Date:

By J.C. | On 06/02/2021 at 5:41 pm | Updated on 06/02/2021 at 5:50 pm

Although Dubai is increasingly establishing itself as an international business hub, the Emirate ranks among the top 10 largest international arbitration centers.

In fact, at 12Th Dubai is the only city in the Middle East to be part of the top 10 behind big places like London, Singapore, Hong Kong and Paris, according to an international study titled “Transforming Mediation for a Changing World”.

The city of Dubai surpasses the rankings of Vienna or Washington. As the study points out, international arbitration is the preferred method for resolving cross-border conflicts for 90 percent of respondents, either autonomously (31 percent) or with alternative dispute resolution (59 percent).

According to experts, Dubai’s position is not surprising, with all the attractions to the city continuing to rise in the rankings, although it must implement a government – led dynamic arbitration ecosystem and be overseen by objectives and key performance indicators to attract international attention. Arbitration cases ”.

See also  Outlets should display product prices to consumers
Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

Share post:

Popular

More like this
Related

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...

iGym and the Youth Gym Culture in Dubai

In the dynamic city of Dubai, a new trend...