Sharjah International Commercial Arbitration Centre calls for benefiting from services
- United Arab Emirates: Wednesday, September 05 - 2012 at 16:38
- PRESS RELEASE
Sharjah International Commercial Arbitration Centre (Tahkeem) called for benefiting from services, consultations as well as regional and international relations of the Centre through events of the local business sector.
These events will be given the real opportunity to establish relations with their equivalents in several countries and thus, achieving success for their joint-ventures internally and externally.
This has taken place during the meeting of Monday noon at the headquarters of Sharjah Chamber of Commerce and Industry among the Executive Committee Members by the presence of their excellencies Mr. Mohammed Ali Al-Serkal, Mr. Rashid Bin-Taliah, and Nafisa Ahmed Al-Mulla.
And between the Chartered Institute Of Arbitration (CIArb) delegation headed by Mr. Jeffrey Elkinson, President of the Chartered Institute of Arbitrators, accompanied by Dr. Naila Qambar Ebeid, Member of Board of Trustees of the Institute, and Mr. Michael Tonkin. The meeting dealt with means of co-operation between the Centre and the Institute.
The most apparent available fields and services of developing this co-operation, viewpoints related to the way of setting frameworks that promote the effective partnership between both sides were identified; especially in relation to international arbitration services as well as habilitating specialized arbitrators in various service, occupational and economic fields of the business sector.
Moreover, the available capabilities of organizing courses, workshops and forums were discussed in order to achieve common objectives in terms of presenting, understanding and applying arbitration rules and principles in the framework of the main methods to settle disputes and to solve problems as well as illustrating arbitration procedures and practices via methods and applications in comparison to local arbitration and international arbitration, and thus, contributing to expand the base of accredited and specialized arbitrators.
President of the Institute and its fellow delegate expressed their appreciation for the role of the officials of the Centre in developing and expanding arbitration services and consultations as well as setting and implementing programs for habilitating new arbitrators in various fields, which serve the business sector, and they welcomed crystalizing this consideration to become a reality in co-operation with the Centre to organize and implement such programs. Moreover, the delegate praised the achievements and activities of Sharjah Arbitration Centre that took place during a short period of time since establishing the Centre in 2009.
On his part, Mr. Ahmed Saleh Al-Echlah, Director of the Centre, stated that this meeting is held in the framework of current consultations on enhancing common co-operation and carrying out the work plan of the Centre represented in expanding its relations with specialized authorities, which have great and useful experiences, capabilities and practices as well as granting certificates and memberships in order to be affiliated to these authorities; among which the Chartered Institute of Arbitrators.
Mr. Al-Echlah indicated that this meeting was promoted by signing the previously suggested clauses of the memorandum of understanding on which both parties expressed their opinions in order to be finally prepared and signed by both parties today so as to represent a basis towards carrying out a group of activities and duties as well as providing common services and consultations that serve the expected aspirations of enhancing applications and practices in terms of arbitration principles and methods as well as their contributions related to settling disputes.
Memorandum (9) includes main articles in addition to the preamble focusing on creating a practical framework for relations between both parties and stating methods of supporting co-operation in terms of exchanging information on arbitration issues and settling disputes, which arise among business sector establishments and members of both parties as well as encouraging those members and others to include the arbitration clause within clauses of investment contracts and agreements concluded by them as well as facilitating participation in all types of forums and workshops specialized in arbitration, and working side by side on disseminating arbitration culture, and this memorandum shall be effective from the date of signing it.
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