completion conciliation procedures according commercial civil disputes law 2016 the United Arab Emirates is characterized by commercial transaction that considered an essential element in its economy, and in some cases conflicts might arise between investors or between the financial or commercial institutions, and in this case we had to resolve the disputes between the parties by amicable settlement and these conciliations ends with specific cases as article 13 provided that: WhatsApp: +971555570005
the completion of conciliation procedures according to commercial and civil disputes law no.17 of 2016
the United Arab Emirates is characterized by commercial transaction that considered an essential element in its economy, and in some cases conflicts might arise between investors or between the financial or commercial institutions, and in this case we had to resolve the disputes between the parties by amicable settlement and these conciliations ends with specific cases as article 13 provided that:
the conciliation and reconciliation procedures ends in the following situations:
1. the parties must agree on the settlement agreement
2. when one of the parties or all the parties inform the reformer of their desire not to continue in the conciliation and reconciliation procedures
3. The reformer must notify the parties if there is no point in continuing the conciliation procedures because of lack of seriousness or for any another reason.
4. The expiration of the time limit of the conciliation and reconciliation procedures.
As from previous situations the dispute may result in reconciliation or dissolution for the reasons mentioned above, and in this case of dissolution the dispute will be referred to the competent court as stated in article 14 which provided that:
If the dispute cannot be resolved because one of the parties didn’t attended or for any other reason or failure to reach a settlement, the parties will take a statement and the dispute file will be referred to the competent court.
And if the reconciliation process was successful between the disputing parties therefore we reached stable reconciliation and cannot be challenged, as stated in article 15 which provided that:
If conciliation has been reached between the parties before the reformer, he must record all of this in a written report singed by the parties, and approved by the competent judge who is responsible for supervising the center. And this minutes has the power of executive deed, and it is not subject to appeal.
Therefore, we have mentioned the completion of conciliation procedures, and the most important articles that provided by the Emirati legislator in this subject, and these articles have executive power and are not subject to appeal, thus making it easier for the investors and other to solve many problems.
Attorney / Mohamed Al Marzooqi
Mohamed Al Marzooqi Advocates & Consultancy
Lawyer in Abu Dhabi, Dubai – UAE
