- Online Dispute Resolution (ODR@ADGM) Launch:
- The ADGM Arbitration Centre introduces “ODR@ADGM,” an online dispute resolution platform.
- Offers a fully digitalized settlement and mediation service.
- Global Accessibility and Control:
- Parties worldwide can resolve disputes through self-guided negotiations or mediation on the secure and confidential ODR@ADGM platform.
- Emphasis on parties maintaining control over the dispute resolution process.
- Remote and Seamless Access:
- Accessible remotely via the website, allowing parties to engage seamlessly at any time.
- Dispute submission, guided questions, and tailored settlement offers are facilitated through the platform.
- Negotiation Process:
- Online negotiation starts after both parties register, with flexible deadlines tailored to their needs.
- Option to create a self-driven solution through a template settlement agreement or with legal representatives’ assistance.
- Mediation Option:
- If negotiation fails, parties can access a mediator while still retaining control over the outcome.
- Mediator assists in bridging settlement gaps with confidentiality and flexibility.
- Innovation in Dispute Resolution:
- ADGM is a pioneer in the digital transformation of dispute resolution.
- Recent launches include “Mediation in the Metaverse” and ADGM Courts’ blockchain technology for global enforcement of commercial judgments.
- Digital Innovation Mission:
- Linda Fitz-Alan emphasizes ADGM’s commitment to continuous digital innovation.
- ODR@ADGM aligns with the principles of accessibility, speed, and autonomy in dispute resolution, promoting mediation as a preferred method.
- Expanding Mediation Reach:
- ODR@ADGM contributes to the mission of expanding the reach of mediation in dispute resolution.
- Demonstrates ADGM’s commitment to shifting the paradigm of dispute resolution sustainably.
- Time and Cost Savings:
- The fully digitalized platform offers immeasurable time and cost savings to parties.
- Enables dispute resolution without disrupting day-to-day business operations.
