Dubai: EMAC was present at the International Offshore Development Congress (IODC) 2019 in Abu Dhabi as a sponsor meeting stakeholders from the Oil & Gas exploration and shipping industry.
The congress promoted discussions among technical experts and industry leaders, ensuring topical and current challenges are addressed. In addition, the industry platform comprehensively examined regional and international offshore developments from a specialised perspective whilst demonstrating commitment to energy and the environment.
“This is a great platform indeed to meet with stakeholders in the offshore Oil & Gas industry and we believe that in order to add value and further boost confidence in alternative dispute resolution (ADR) services for the maritime, offshore Oil & Gas and logistics sectors we need to be seen and heard at these events,” said Mr. Majid Obaid bin Bashir, Acting Chairman and Secretary General, EMAC.
To learn more about EMAC’s upcoming events, visit: https://www.emac.org.ae/en/Resources/Events
About Emirates Maritime Arbitration Centre (EMAC):
Emirates Maritime Arbitration Centre (EMAC) was established in accordance with Emiri decree No. 14/2016 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, in April 2016, with a formal launch of its services in November of the same year. Initially based out of Dubai International Financial Centre (DIFC), EMAC has its own legal identity and is financially and administratively independent.
EMAC was launched in response to the 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. 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.
Impartial and transparent, EMAC works with organisations across the region, providing services for resolving maritime disputes – through arbitration, mediation and other dispute resolution processes. EMAC’s rules are built on the most up to date internationally recognised arbitration and mediation rules – they allow for emergency arbitration and fast-track arbitration, to meet market demand and address the sector’s need for fast and efficient dispute resolution.
By establishing a trusted global standard for maritime arbitration services in the UAE, EMAC aims to continue to promote awareness of local, regional and international dispute resolution best practices, and to further support the UAE as it develops into a world-renowned maritime destination.
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© Press Release 2019