Dubai: Now, you can resolve disputes in metaverse – News

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    Technology that allows participation in dispute proceedings from anywhere in the world

    Release: Thursday, March 30, 2023 18:45

    Last update: Thursday, March 30, 2023 18:49

    You’re reading news about a couple tying the knot in the United Arab Emirates metaverse.

    The Dubai International Arbitration Center (DIAC) announced Thursday the launch of the Metaverse for dispute resolution. This is to provide a virtual reality space where parties can participate in dispute resolution proceedings from anywhere in the world, eliminating the need for physical transportation and further establishing sustainability. Considerations for the Arbitration Environment.

    This new technology will enable DIAC to offer a higher level alternative dispute resolution service that is both effective and accessible.

    DIAC President Dr. Tariq Humaid Al Tayer said: This new service is in line with Dubai’s aspirations to become his hub in the global metaverse. Furthermore, it strengthens DIAC’s position as a leading international arbitration center and enhances the Company’s ability to provide innovative and novel methods for resolving disputes, making it the ultimate global destination for dispute resolution. It reflects our vision to become “

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