Because we live in an imperfect world, disputes regarding the performance of contractual and legal obligations will occur. The growth in the volume of international transactions will lead to a corresponding increase in the number of international commercial disputes. Companies involved in cross-border transactions therefore have a great interest in reaching resolutions that can be enforced and mitigating any damage that has already been done. Litigation and dispute resolution for foreign companies in Egypt consider as a best way for those who have commercial arguments which leads to getting satisficed solutions. Sometimes litigation and dispute resolution can be the only option left in solving a long-standing argument with another person or business.
Overview of Litigation and Dispute resolution
Litigation refers to resolving legal disputes in courts by presenting evidence before a judge or jury, then deciding on the case. There are many types of Litigation, but they all involve presenting a case before some judicial body be it a judge or jury. There is an outcome at the end of it, which could include an award of money damages to the winning. This would cover for example payment of damages for breach of a contract.
While Dispute resolution refers to all processes that are used to address disputes outside the courts. Typically, dispute resolution is sought with the aim of being awarded financial compensation for damages, or receiving goods or services as initially purchased or agreed. The resolution could also determine next steps for the relevant parties, or prevent future actions from happening.
Litigation and dispute resolution work in different ways depending on the type of legal matter you are involved. It is essential to understand your options for litigation and dispute resolution if you are involved in a legal matter.
The evolving dispute resolution landscape in Egypt
In the last few years, Egypt witnessed the entry into force of new laws and the issuance of some long-awaited amendments to other legislations.
The Egyptian courts also continue to demonstrate their arbitration-friendly stance, especially towards the annulment and enforcement of foreign arbitral awards. While many recent judgments issued by the Egyptian Court of Cassation illustrate a deeper understanding of the specificity of arbitration, there remains some uncertainty as to more progressive arbitration concepts that may affect ongoing practice.
The latest amendment to the Economic Court’s system is another leap towards solving the chronic problem of delayed litigation procedures in Egypt.
How Can Businesses Avoid Commercial Disputes?
Cross-border commercial disputes continue to rise, and litigation and dispute resolution for foreign companies in Egypt play an important role to achieve better resolving for a difficult and complex commercial circumstance.
We are at “Consortio Law Firm” one of the few Law firms in the market with the knowledge and practical experience to successfully resolve cross-border disputes. Lawyers in our integrated “Consortio Law Firm” team have a long history acting for foreign clients on their domestic and international disputes on their commercial disputes in Egypt and other countries.
We also work with you to assess and manage your risks in relation to the legal costs of the dispute and to seek to minimize the likelihood of future litigation.
Whether your dispute has strategic, reputational or financial importance and whatever the subject matter, your success is our priority.
For more Information, Contact Us immediately via the phone number 002 01028806061 or via WhatsApp or email Info@consortiolawfirm.com.
