Speaking at an Emirates Maritime Arbitration Centre (EMAC) breakfast seminar on Monday Mark Lakin, a senior associate for marine and international trade at Stephenson Harwood highlighted how the UAE was becoming a rising maritime jurisdiction with an increasing number of complex claims and disputes being heard.
With the increased volume of disputes Lakin said the maritime community need to understand how to best navigate legal processes relevant to maritime arbitration, court proceedings, ship arrests and attachment proceedings.
Majid Obaid bin Bashir, chairman and secretary general of EMAC said: “We understand that the prospect of a dispute cannot be foreseen, however, EMAC ensures that the community is aware of and accepts that specialist arbitration and mediation services through EMAC can provide the best support, at international best practices, for a fraction of the cost of going elsewhere.”
The next EMAC breakfast session will take place on 20 April and will look at “dissecting complex, high value, maritime disputes”.
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