Bussiness law Assignment Example | Topics and Well Written Essays - 1750 words

Bussiness law - Assignment Example Most of the firms have their clearly defined S.O.Ps, legal sanctions and legal domains looking into the often occurring disputes. This paper looks into the broad lined disputes that often occur and the example of how two companies in U.A.E undertook the dispute and conflicts at hand. The paper also looks into the generic code of conduct that is implied towards the business sectors with regard to the legal disputes. The DIFC courts are in place and actively working towards the resolution of the problems in the business sector for quite a while now. They are one of the most authentic and established entity designed for the purpose of looking into the matters and resolving them according to the need and professional requirements (Gaeta, 2012, p 45). The DIFC courts incorporate English for the purpose of interaction and conversation exchange with one another. The multi nationals and the Western companies engaged in the business activities undertake such processes and take assistance of the DIFC courts in preference over the local courts whenever some dispute takes place. DIFC comes in combination and consonance with the Al-Tamimi group that specializes in the working of the finding the legal grounds towards the resolution of problems that may occur at different phases on the project and activities so undertaken (out-law, 2012). This was of the generic and broad line declaration of the methods by which the disputes can be resolved. Owing to the overall success and influence of the recognition and reconciliation entity, United Arab Emirates has engaged itself in the same mechanism and has taken the ownership and membership which allows it practicing the same principles in the spirit of the professional work. U.A.E government, realizing the importance of it signed it and became an official signatory of it towards 2005 and 2006 and later on made it a general practicing model towards the business activities and disputes resolution. In such scenarios the