Navigating UAE's Leading Dispute Resolution Centre- ADCCAC

23 March
0 Comment

The Abu Dhabi Commercial Conciliation & Arbitration Centre (ADCCAC) is a place created by the Abu Dhabi Chamber of Commerce and Industry to solve trade problems using arbitration and conciliation. ADCCAC started in 1993 and has a long history of offering quick, fair, and affordable options for solving problems without going to regular courts.

Objective

The goal of ADCCAC is to create a fair and independent system for solving disagreements through conciliation and arbitration. This helps both local and international businesses. It also encourages using alternative ways to resolve issues and plays a key part in bringing in investments. ADCCAC also works on training skilled arbitrators and experts in international commercial arbitration from the local community.

Dispute Resolution Mechanisms

ADCCAC uses two main ways to solve problems – arbitration and conciliation. These methods give businesses other options instead of going to regular court, making it faster and more flexible to settle disagreements.

Arbitration: In arbitration at ADCCAC, a fair person called the arbitrator hears both sides of a disagreement and makes a decision that everyone has to follow. This way, businesses can sort out their problems privately and quickly without going to court.
Conciliation: In conciliation, a middle person called the conciliator helps the parties in a disagreement find a solution they both agree on. Unlike arbitration, the conciliator doesn't make a decision but helps them talk and work together to find a solution.

Role in Trade Environment

ADCCAC is important for making business better by solving problems effectively by offering effective dispute resolution services. This helps make commercial transactions more stable and reliable.

Support for the Business Community

The center provides valuable support to the local and international business community by fostering a culture of fair and efficient dispute resolution. This support contributes to attracting investments and strengthening the confidence of businesses in the region.

Training and Expertise

ADCCAC trains and develops skilled people, like arbitrators and experts in international commercial arbitration. This initiative contributes to create a knowledgeable and experienced group in this field.

The services

Solving problems that are reported for conciliation and arbitration.
Giving advice to Chamber members about conciliation and arbitration.
Arranging conferences, seminars, and training to train good arbitrators.
Creating drafts of laws and rules for conciliation and arbitration
Working together with other known arbitration institutes around the world to share knowledge.
Sharing information, data, studies, and research about conciliation and arbitration.

Our Strategic Targets:

ADCCAC aims to be the top choice for companies in trade, finance, investment, and real estate in the UAE. They want to make sure their internal system is excellent for quality conciliation and managing arbitration. They also support scientific publications and focus on training skilled individuals from the nation for roles in the Arbitration Judiciary.
ADCCAC is an important place in Abu Dhabi that helps businesses by providing easy and effective ways to solve issues. They are dedicated to training experts, showing their commitment to making sure disagreements are resolved fairly and efficiently in the area.

Alqada believes in supporting clients on each step during the arbitration process. There are following list of Arbitration's articels you can know more about Arbitration law by visiting these links.