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EMAC and ADGMAC sign MoU to advance maritime arbitration in UAE

Emirates Maritime Arbitration Centre (EMAC) and Abu Dhabi Global Market Arbitration Centre (ADGMAC) have signed a Memorandum of Understanding (MoU) to advance arbitration and mediation services across the entire UAE maritime industry.

The MoU was signed by Majid bin Bashir, chairman and secretary general of EMAC and Linda Fitz-Alan, registrar and chief executive of ADGM Courts on 8 September in Abu Dhabi.

“Through this partnership we believe that we will be able to enhance the accessibility, efficiency and effectiveness of commercial and maritime arbitration and mediation that 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,” said Majid Obaid bin Bashir.

“ADGM Arbitration Centre is pleased to join efforts with the Emirates Maritime Arbitration Centre to better serve the business requirements and developments of the growing maritime and commercial sector in the UAE and wider Middle East region,” Fitz-Alan said. “As an International Financial Centre, ADGM is well recognised as an effective, efficient and safe seat for the conduct of international arbitration.”