DMCA workshop discusses new Maritime Arbitration Centre
The Dubai Maritime City Authority (DMCA) recently held a workshop to discuss the best practices in international arbitration and the working mechanisms of the Emirates Maritime Arbitration Centre (EMAC).
The workshop was held for various governmental and non-governmental bodies and companies working in the UAE’s maritime sector and was attended by Dr Abdullah Belhaif Al-Nuaimi, minister of public works and chairman of the Federal Authority for Land and Maritime Transport in the UAE.
The workshop highlighted the importance of specialised maritime arbitration in the UAE in light of increasing maritime disputes and stiff competition in international trade.
“The UAE’s maritime sector has witnessed rapid developments and leading achievements in global competitiveness which require concerted efforts and more effective communications between stakeholders in order to unify supervisory and regulatory standards,” Al-Nuaimi told delegates.
“The Emirates Maritime Arbitration Centre is launched to resolve disputes arising from marine business transactions and strategically enhance the UAE’s status as a global maritime hub, as maritime arbitration is one of the pillars of global maritime clusters,” he added, describing the Maritime Arbitration as a basic legal system that is indispensable in settling maritime disputes.
The DMCA’s stated goal with the Emirates Maritime Arbitration Centre is to help consolidate the UAE’s maritime laws and regulations, which is an important factor in promoting the maritime sector and attracting ship owners to the UAE.
“The center will contribute to the UAE’s competitiveness and improve its global maritime image, resulting in higher investor confidence and foreign investment flows to the UAE. It will also work on rehabilitating national legal cadres and providing them with global maritime expertise,” Al-Nuaimi concluded.
The workshop was attended by lawyers from across the UAE; senior officials and representatives of various companies and maritime agencies operating in the maritime sectors of Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Umm Al Quwain, Ajman and Fujairah; and international law firms, many of which specialise in or deal with maritime arbitration.
The workshop discussed legal frameworks and legislations of maritime arbitration, provisions and regulations of the Emirates Maritime Arbitration Centre and its mechanisms at the local, regional and international levels.
Many legal aspects of maritime arbitration were reviewed and the importance of resorting to maritime arbitration and its institutions was discussed.