Breakfast with Emirates Arbitration Centre (EMAC) in April welcomed Richard Strub, Partner at Holman Fenwick Willan (HFW), who delivered a presentation about understanding enforcement of arbitral awards in the Far East, Middle East and beyond. The seminar sought to consider the importance of dealing with Chinese counterparties in the context of increased trade and the impact this has on enforcing against assets in China as well as considerations to be made when arbitrating with Asian counterparties. In exploring enforcement closer to home, with DIFC awards, Strub explained the relationship between the DIFC Courts and subsequent enforcement onshore. He also described the alternative of direct onshore enforcement under the new UAE arbitration law in addition to enforcing foreign awards in the UAE and wider GCC.
“The enforcement of arbitral awards is one of the most important processes in the arbitration process and understanding its implications is crucial. We had a phenomenal turn out for this session which suggests that the maritime industry continues to have confidence in us,” said Majid Obaid bin Bashir, Acting Chairman and Secretary General, EMAC.
The next Breakfast with EMAC seminar will take place on 2nd May, and will be hosted by the Abu Dhabi Global Market Arbitration Centre (ADGMAC) at their offices in Abu Dhabi.