The briefing discussed how mediation helps resolve maritime disputes early. Guest speaker Rania Tadros, managing partner at Ince & Co, spoke specifically about what mediation entails, detailing the benefits as a mechanism for resolving maritime disputes.
“Mediation is a viable alternative to arbitration and litigation when seeking to resolve disputes across various jurisdictions. Mediation is a great option to address small and medium claims,” said EMAC acting chairman and secretary-general Majid Obaid bin Bashir.
“At EMAC, we constantly aim to select topics which are not only informative, but also equips maritime stakeholders with the right knowledge to address their disputes. It is crucial for the industry to understand what EMAC’s role is”, explained Majid Obaid.
“We are here to help the industry and to provide solutions to maritime stakeholders. EMAC’s tailored mediation rules and specialist mediation panel can address disputes in a cost effective and a time efficient way,” he added.
The Breakfast with EMAC seminar series will continue throughout 2018, with the next session being held on February 25 at the EMAC offices.
EMAC was launched in November 2016 in response to the Middle East and North Africa (MENA) 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.
As 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.
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