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Dubai, UAE: In 2019 EMAC proved its commitment to providing a trusted standard in maritime arbitration and mediation through its intensive schedule of meetings and events. At these activities the Centre has heard from many who deal with maritime contracts, noting that there are many detailed terms which are often the cause of delay in dispute management.
At the first Breakfast with EMAC on 21 January 2020, the format of ‘Breakfast with EMAC’ took the discussions about the common mistakes in maritime contracts, with speakers, David Galea, Partner at Ince Dubai and Caleb Raywood, General Counsel at Polarcus. Both speakers presented their views based on practical experience with suggestions on how to void issues related to poorly drafted standard terms.
The seminar intended to facilitate a better understanding of the importance of attention to the wording in some standard terms specific to maritime contracts.
“EMAC was present at a total of 110 events in 2019. Our goal is to show the industry that we are here to support alternative dispute resolution as efficiently and cost effectively as possible.” said Mr. Majid Obaid bin Bashir, Chairman and Secretary General at EMAC. “2020 presents a wide range of opportunities in the region including EXPO 2020 in Dubai, and EMAC is certainly looking forward to being a part of it with the maritime cluster.”
EMAC’s list of events have been posted on the Centre’s website, with the Breakfast series continuing on 17 February 2020.
To learn more about the topics or to register your interest visit www.emac.org.ae or email info@emac.org.ae.
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About Emirates Maritime Arbitration Centre (EMAC):
Emirates Maritime Arbitration Centre (EMAC) was established in accordance with Emiri decree No. 14/2016 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, in April 2016, with a formal launch of its services in November of the same year. Initially based out of Dubai International Financial Centre (DIFC), EMAC has its own legal identity and is financially and administratively independent.
EMAC was launched in response to the region’s growing maritime activity, the UAE’s ambitions to develop into the world’s largest maritime hub in the world by 2025, and the belief in the efficiency of the arbitration process. The first specialised maritime arbitration centre to be established in the MENA region, EMAC aims to position the UAE as a centre of excellence for maritime arbitration, adhering to best practice in line with international standards.
Impartial and transparent, EMAC works with organisations across the region, providing services for resolving maritime disputes - through arbitration, mediation and other dispute resolution processes. EMAC’s rules are built on the most up to date internationally recognised arbitration and mediation rules - they allow for emergency arbitration and fast-track arbitration, to meet market demand and address the sector’s need for fast and efficient dispute resolution.
By establishing a trusted global standard for maritime arbitration services in the UAE, EMAC aims to continue to promote awareness of local, regional and international dispute resolution best practices, and to further support the UAE as it develops into a world-renowned maritime destination.
For any further information, please contact:
Reka Sepsy
Aurora ‘The Agency’
+971 (0) 55 220 6820
reka@auroraadvertising.ae
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