Dubai-based Emirates Maritime Arbitration Centre (EMAC) and the Abu Dhabi Global Market Arbitration Centre (ADGMAC) have signed a Memorandum of Understanding (MoU) to promote arbitration and mediation services across the UAE maritime sector. The collaboration agreement was signed by Majid Obaid bin Bashir, Chairman and Secretary General, EMAC and Linda Fitz-Alan, Registrar and Chief Executive of ADGM Courts, on 8th September 2019 in Abu Dhabi. Bashir said that by working in partnership it would be possible to enhance the accessibility, efficiency and effectiveness of commercial and maritime arbitration and mediation. “This will allow us to share knowledge and ideas to facilitate the rendering of the United Arab Emirates as a perfect seat of arbitration in Middle East,” he added.
As an International Financial Centre, ADGM is already well recognised as an effective, efficient and safe location for the conduct of international arbitration. “Our state-of-the-art Arbitration Centre provides a neutral and inclusive venue, open to all arbitrations and mediations, regardless of sectors, industries and geographies,” commented Fitz-Alan. “We look forward to working with EMAC to raise the standards of arbitration and mediation in the region.”