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 ”.