Financial Disputes are a kind of beauty of businesses. Just think what would happen if the business would be free from financial disputes? There would be no more charm and interest in business and people will get bored. This is not a beauty in the sense that it should be carried to any level by scammers and fraud people. It means that it creates risk and charm for investors and businessmen. As per the business cycle, when there is a charm in the effort, there is a risk in an effort, therefore, the chances of Financial Disputes also increase. A business place where people are provided with large opportunities is also monitored and governed by the government on a special basis. It means that such places are not left helpless or unchecked by the government and relevant authorities. Along with Law and enforcement institutes the judiciary, Law Firms and Lawyers are also present to protect the rights of people. We will be throwing light on the job and role of Law Firms in Dubai and Lawyers in Dubai and the United Arab Emirates.
Status of Law Firms in Dubai-UAE
Let’s discuss the status of Law Firms in Dubai-UAE. Law Firms in Dubai are registered and, capable of representing businesses and individuals in their business, financial and commercial issues/matters. Emirati Law Firms have advantages and priority over others. Why they have this is a separate debate. Tough mostly the Law Firm e.g. LLC are only registered by a Local Partner but anyways there are many factors where an Emirati Law Firm is preferred or should be preferred over others. Let’s get back to our discussion, the people, and companies can certainly get help from Law Firms and their Lawyers/Legal Consultants. There can be two situations any business or person has to go through financial legal activity e.g. plaintiff or defender. Plaintiff means when you are filing a case against a party, and defender means when you have to defend a case filed by another party. When a case is filed then the defender has to respond to Court, though he can also launch a counter case if he wants or possible. The team of Lawyers hired by these Law Firms is also known as Lawyers in Dubai, are the best advocates in town for business disputes as follows;
- Investment disputes
- Financial disputes
- Partnership disputes
- Disputes with the partner/partners
- Disputes with the Suppliers, Buyers, Sellers
- Marekt Recoveries
- Civil Case filled by suppliers
- Civil Cases filled against the buyers/customers/clients
A Financial Lawyer or Business Lawyer has to deal with all the above-mentioned issues. It’s very easy to find out or highlight the issues but when it comes to fixing the issues then even an ordinary lawyer can’t fix them properly. Let’s consider that while going through the Court Case one has to write and submit the legal memos, reading the documents, using court clauses and attending the hearings. All it shows is that lawyer has to have legal knowledge, the lawyer has to have knowledge of how to write court memos, he must be good in Arabic and English to understand the case supporting documents. These Business Advocates have to be serious and responsible. Talent plays nothing if the lawyer is not serious with his profession and having a high level of responsibility.