Emirates Maritime arbitration center has commenced the operation from last September completing first year with good record of arbitration. EMAC is unique of its kind in the region aimed to address and resolve the maritime disputes via arbitration and Mediation based on the standard regulatory frameworks available with industry. UAE, As a shipping Hub of the region has a Geographical demand for having a center of arbitration in par with the known arbitration centers of Landon, New York, Singapore and Hong Kong. EMAC, as an independent legal entity, functioning under the EMAC Arbitration and Mediation rules formulated on the bases UNICTRAL 2010 with Minor variations. Unless the parties otherwise choses, the Dubai International Financial Center (DIFC) Courts shall be the supervising court with full jurisdiction. It enables the easy enforcement of the awards with the support the Domestic and Foreign courts if required.
Author: Associate attorney with Dubai Based law firm, can be reached +971-527520742