Dubai Courts and Dubai Chambers Sign MOU to Boost Commercial Dispute Resolution
Dubai Courts has signed a Memorandum of Understanding (MoU) with Dubai Chambers to enhance Dubai's position as a global hub for commercial dispute resolution. The agreement focuses on improving mediation and conciliation services, making the dispute resolution process more efficient and legally enforceable.
Under the MoU, Dubai Chambers can electronically register settlement agreements through Dubai Courts' system, ensuring these agreements are binding and enforceable. This integration supports the emirate’s digital transformation goals, aligning with Dubai’s broader vision for economic growth.
Dr. Saif Ghanem Al Suwaidi, Director of Dubai Courts, described the partnership as a significant step toward making Dubai a global leader in commercial dispute resolution, supporting its evolving business needs. Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, highlighted the MoU's role in enhancing the competitiveness of Dubai’s dispute resolution services and aligning with the city's digital strategy.
The partnership supports Dubai's D33 economic agenda, which aims to double the city’s economy over the next decade. By providing efficient and amicable dispute resolution methods, the MoU is expected to attract global businesses and strengthen Dubai's reputation as a top-tier business destination.
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