Use of Specialized Tribunals for the Settlement of Construction Projects in Times of a Financial Crisis

Abstract Financial crises have ripple effects throughout several sectors. Both the 2008 financial crisis and the recent covid-19 crisis significantly impacted the financial sector. The government of Dubai devised numerous legislative solutions to the 2008 crisis, one of which was creating special tribunals. The success of the legislative remedies adopted by Dubai's government during the covid-19 crisis is also worthy of attention. This study aims to draw lessons from both crises in recognition of their considerable potential to serve as remedies during emergencies. Moreover, it seeks to analyze arbitration and insolvency/bankruptcy procedures utilized by specialized tribunals.