Keywords
Abstract
World economy and business are changing thanks to high growth economy in emerging markets and disagreements are settling by the international arbitration tribunals. The majority number of international company’s оf UAE: is signing legal contracts with the clause to solve the disputes by the arbitration. In this article, a thorough analyses to what extent is arbitration more advantageous than litigation will be evaluated in more details: First, principles and practices of litigation and arbitration; second, the governing litigation and arbitration by federal and Emirati courts, then, comprehensive account of the principles arbitration and litigation under the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) Laws; next, before we draw a conclusion, comparative analyses of arbitration and litigation will be done.
References
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