Arbitration
On the behalf of our team, we admire how our legislatures have articulated arbitration laws for Dubai. As they can help you resolve your disputes in the simplest and streamlined way.
However, when it comes to finding out the right personnel that can help you settle down your disputes and win the domestic, commercial or real estate arbitration award. Then you should only trust the most reliable and experienced legal advisors. In such a case, My Dubai Lawyers can be your most trusted partner as we have significantly resolved contentious matters for our clients engaged in domestic, regional and international arbitration.
Arbitration Law In Dubai & How It Serves You?
Whether you’re a local resident or an international subsidiary running in Dubai, Dubai arbitration laws serve the arbitration rights for all of you. As it is the simplest and easiest way that allows you to resolve your disputes in the UAE and surrounding regions with a non-judicial legal process.
In this way, two commercial parties can present their dispute matter before a third (neutral) party for a decision/award that is also known as an arbitration award. Therefore, this law is recognized as an amicable way to resolve disputes globally.
Initially, arbitration law was used for domestic matters but later on, it became popular among commercial, real estate and construction industries as well.
What Are Some Industries That Can Benefit From Arbitration Law Services?
Since the UAE government has introduced Federal Law No. 6/2018 on Arbitration (Arbitration Law). That has enforced domestic arbitration awards, as well as amendments to the UAE Civil Procedure Code to facilitate the recognition and enforcement of foreign arbitral awards.
So local Dubai population and international clients can leverage arbitration awards for almost every dispute resolution. However, it is only possible with the right guidance and information about arbitration laws.
My Dubai Lawyers is a team of experts and highly qualified arbitration lawyers that assist their local and international clients with arbitration procedures both within and outside the UAE.
How Much Does It Cost You To Hire Arbitration Lawyer Services In Dubai Or UAE?
If you’re looking for legal advisory services for arbitration matters then you have to consider 3 main costs that are involved in this matter.
- Administration Fees.
- Tribunal Fees.
- Legal Fees.
- Administration Fees:
In arbitration cases, the main cost is the administration fees for experts and legal representation. It covers a huge portion of the cost of arbitration services. Especially in Dubai, it can cost you almost AED 10,5000 to AED 15,5000.
- Tribunal Fees:
The arbitral tribunal fees include the charges of the work done by the member of the law firm. Additionally, this amount is also connected to the arbitration. Hence, the tribunal fee is evaluated by considering the type of arbitration and the circumstances of the case. On average, it can cost you almost AED2,500 per hour to AED 3,000.
- Legal Fees:
Legal fees are the most concerning charges in the arbitration case. It is an admirable factor about the UAE arbitration law that allows the recovery of legal costs which is not practical in other countries.
In UAE, the disputing parties can explicitly allow tribunals to order the losing party to pay the legal fees of the winning party. Nevertheless, it requires great expertise and knowledge to present the legal costs before the arbitral tribunal and seek a refund for the same.
Because, if you won’t be able to have well-experienced legal representatives handling your case then it can also lead you to the worst-case scenario. Do you know? Even if the UAE arbitration laws offer significant flexibility, still out of 2500 cases, only 25% of the clients make it win.
So how can you take a safe edge and mark your success in the arbitration case carefully? Reach out to the specialized arbitration legal representative of My Dubai Lawyers. We will assist you through the ideology behind winning your case and also recovering your costs.
Why you can trust the highly reliable and experienced arbitration lawyers of My Dubai Lawyers? We help you understand the analogy behind claiming legal costs and how you should present your case. With this ideology, we have a proven track record of clients who have successfully resolved their disputes and also recovered their payments.
What Are Some Checks That You Should Run Before Hiring Any Arbitration Lawyer Services?
Once you feel the need then you can also find a lot of lawyers out there. But how to choose the best one for your case? In order to make a well-informed decision that can guarantee the success of your case, make sure to check out the following things with a lawyer or a law firm.
- Make sure that the lawyer works in the proper jurisdiction. Typically, lawyers are licensed to work in a particular state. So go through the practicing license of a lawyer carefully.
- In some cases, you can agree that the jack of all trades is a master of none. Therefore, only settle down for a lawyer who is specialized in arbitrary cases and not in litigation or family law. That’s why My Dubai lawyers is a one-stop law firm for the people who are determined to win their cases. Because we have individual teams for lawyers who are specialized in their particular domains.
3. Check out your budgetary constraints and find a lawyer that can assist you through your case with reasonable fees. Although you can recover your legal costs in arbitration. However, you can’t refund the advance payment which is still the most huge amount in the arbitration case fee structure.
At My Dubai Lawyers, we work closely with our clients to establish the facts and prepare the best course of action for resolution. In all arbitrary cases, we work towards an amicable settlement with a determined approach to win your case.
Have some questions? Reach out to us at +971554154808 to talk with one of our experienced arbitration specialists. We are ready and waiting to take your call. Alternatively, send us an e-mail and a representative will be in touch.