GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

MoU to facilitate knowledge sharing and collaboration on arbitration within the GCC

EMAC and GCCCAC to assist in identifying suitable arbitrators and mediators to resolve disputes

Dubai, UAE, 9 March, 2017: In a move to further strengthen ties between arbitration centres in the region, the Emirates Maritime Arbitration Centre (EMAC), signed a Memorandum of Understanding (MoU) with the GCC Commercial Arbitration Centre (GCCCAC) during a ceremony on Tuesday 7 March.

Through the agreement, EMAC and GCCCAC will aim to work together to identify suitable arbitrators and mediators to assist in the resolution of disputes received by the centres. Additionally, the centres will collaborate on a number of knowledge sharing activities, including hosting seminars, workshops, presentations and educational sessions to raise awareness of arbitration and mediation as an alternate option for dispute resolution.

According to Mr. Majid Obaid bin Bashir, Vice Chairman and Secretary General of EMAC, this MoU provides a number of benefits and would assist in the promotion of alternative dispute resolution options for the private sector in the region.

“We are honoured to partner with GCC Commercial Arbitration Centre and look forward to harnessing the mutual benefits for this collaboration, with a focus on raising awareness of the benefits of arbitration to the region's commercial and maritime sectors,” said Mr. Majid Obaid bin Bashir.

Launched in 2016, EMAC was established to support the region's growing maritime industry. As the region's only maritime arbitration centre, EMAC has a key role to play in connecting legal and commercial professionals from the maritime industry locally, regionally and globally.


Posted by : GoDubai Editorial Team
Viewed 9126 times
Posted on : Thursday, March 09, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Abu Dhabi Ports Participates in the Inaugural Global Manufacturing & Industrialisation Summit (GMIS)
Next Story : ‘Innovation Quay' launches in Dubai to capitalize on creative maritime sector development
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Wellbeing Medical Centre - ULTRAFORMER III Best and latest Anti-Ageing treatments
Finally a Body that fits you! Cryolipolysis Fat Freeze
Sandro Announces Expansion within The Middle East
Middle East and African beauty and personal care market to grow to US$34.5 billi...
Chloé eyewear introduces the new "Nola" sunglasses collection
IKEA Introduces Limited Edition ‘Art Event 2017' Contemporary Drawing Collection
Introducing JOHNSON'S® NEW Vita-Rich range with Cocoa Butter
Dubai Design & Fashion Council Launches DDFC Membership to Support Sustainable D...
COÉGA Sunwear Teams Up With GO Sport on Exclusive SS17 Swimwear Collection
Win up to 30 Kilos of Gold in 18 Days at Malabar Gold & Diamonds
Ulysse Nardin Marine Regattav
du Football Champions awarded Gold for its successful engagement of UAE youth
Nautica Spring 2017 Collection
Sheikh Khalid Al Qassimi Steers Peugeot 3008DKR to Victory
Interstuhl launches VINTAGEis5 chair in the GCC
Paule Ka Launches New Fall/Winter 2017 Collection in Dubai
Al-Futtaim Motors launches the UAE's first hybrid truck
World's first reinforced Arc7 class LNG carrier maiden port calls go smooth as i...
Mövenpick Hotels & Resorts' Pakistan Presence Blooms as Firm Signs New Prop...
H.H. Sheikh Ahmed lays foundation stone of Silicon Mall at Dubai Silicon Oasis
HP Inc. launches World's Most Advanced and Secure A3 Printers in the UAE
ESCADA Amelia - Diamond timepiece
Denim Days with GUESS and F&F
French Label ba&sh Launches Stunning Capsule Collection
Dubai to welcome largest Arabian Travel Market yet
TRESemme Hair Academy Launches in Arabia with Georges Mendelek and Alanoud Badr
Tame Your Beard with The Art Of Shaving
ENGIE has been qualified in the first round of the tendering process for two ren...
Michael Kors Collection Transeason 2017
Taima Abdullah Al Omari Crowned Winner of Arab Reading Challenge in Kuwait
Godiva Ice Cream
Jafza to Strengthen Cooperation with the British Business Community
Centre Point Logistics' Dh60 million new warehouse goes live at Dubai South
UAE Ambassadors Tour Barakah Nuclear Energy Plant
Dubai Municipality Opens First UAE Foodbank Branch
Take a sound adventure with the New Action Mic for GoPro® from Sennheiser
Schneider Electric Opens Submissions for Seventh Edition of International Studen...
Sheikh Nahayan Mabarak Al Nahayan Inaugurates 18th Annual Regional Audit Conference
Dubai International Financial Centre Presents Findings from Wealth Management Wo...
Empower highlights the importance of district cooling to real estate developers ...
Al AbdulKarim Holding with Panasonic Exhibits the Revolutionary HIT® Solar Panel...
Jewel Corner Opens Kiosk In The Heart of Sharjah, At Mega Mall
Get the pageant body with A-Tone Fitness Lounge, official fitness partner to the...
Dubai Chamber opens eighth representative office in Brazil
Emirates Diplomatic Academy separately partners with Delma Institute and Georget...
Raymond Weil Presents its First in-house Movement - CALIBRE RW1212
DC PRO Engineering CEO Maps Out Plan for Greener Earth at the 2017 District Cool...
Alice + Olivia by Stacey Bendet takes over the W Café Doha
Dubai Customs signs cooperation agreement with BUiD, and unleashes innovation
IOSH to Unveil New Strategy at Middle East Conference