The choice and method of dispute resolution are one of the important aspects when it comes to creative industries. With regards to the specific needs, the Dubai International Financial Center and the Abu Dhabi Global Markets have made a provision for the fast-track small causes claims where it permits the parties involved for a quick resolution cost-effectively and at the same time, passing orders and judgements which are easily enforced.
For many creative industries, the procedures for small claims is the most suitable method of resolving the disputes. But litigation is not the last route available. Both Dubai International Financial Center and the Abu Dhabi Global Markets have alternated dispute resolution mechanism where it consists of a built-in tribunal for a quick resolution. The tribunal provides for compulsory consultation before a mini-trial.
In 2019, the Abu Dhabi Global Markets courts intend to introduce a mediation service for promoting mediation as a form of dispute resolution whose decisions are final and enforceable. The Dubai International Financial Center have their fixed seat which is governed by the Dubai International Financial Center – London Court of International Arbitration (DIFC-LCIA) and the Dubai International Arbitration Center (DIAC) rules, while the Abu Dhabi Global Markets Courts are governed by many of the International Chamber of Commerce (ICC).
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