Supplied
The Dubai Chamber of Commerce has referred to as on companies to reap the benefits of its mediation service to settle commerce disputes rapidly and amicably.
During the primary half of 2023, the Chamber acquired 75 mediation circumstances, valued at greater than AED 42 million.
Thirty-five of those had been mutually settled, and had a complete worth of AED 20.8 million.
The meals sector accounted for 28 per cent of the entire circumstances, adopted by building (22 per cent) and delivery companies (15 per cent).
The mediation service brings rival events collectively and helps them resolve their disputes with out expensive and time-consuming authorized motion.
“Our mediation services represent an essential tool that enhances the competitiveness of the local business environment and the ability of companies to overcome a wide range of challenges. The business community’s use of these services reflects the level of awareness on the importance of settling disputes amicably to serve the interests of all parties,” stated Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers.
He added that unbiased mediators play an neutral function and be sure that conflicting events are assisted in figuring out the problems on the coronary heart of their disputes.
Once the info have been established, the mediator works to construct bridges of communication and obtain a mutually agreeable settlement that protects the pursuits of each events.
As representatives of Dubai Chamber of Commerce, mediators are usually not authorised to adjudicate disputes. Their function is to function facilitators.
We are happy to announce that we’ve achieved profitable resolutions in 35 mediation circumstances out of 75 acquired throughout H1 2023. To learn extra: https://t.co/VVyM72tv9e pic.twitter.com/Qgg6MCa5zw
— Dubai Chamber of Commerce (@DxbChamberComm) August 15, 2023
