Dubai Chamber of Commerce receives total of 75 mediation cases during H1 2023

Dubai Chamber of Commerce receives total of 75 mediation cases during H1 2023

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has revealed that it received a total of 75 mediation cases during H1 2023.

Mutually agreeable settlements were achieved in 35 of these cases, representing a success rate of 46.7% and highlighting mediation as one of the most effective means of settling trade disputes quickly and amicably.

The combined value of mediation cases received during the first half of 2023 reached AED42.3 million. The 35 cases that were resolved had a total value of AED20.8 million, underlining the importance of the chamber’s mediation services to its members and the private sector in the emirate.

Mediation offers a range of advantages including flexibility, speed, efficiency and confidentiality, as well as helping the parties involved to save time, effort, and money. The service also enables trade relations to continue between the conflicting parties and ensures they maintain full control over the process.

The mediation cases received by the chamber in H1 2023 originated across multiple industries, with the food sector accounting for 28% of total cases. This was followed by construction at 22% and shipping services at 15%.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Dubai Chambers remains committed to