Last updated on December 26th, 2020 at 09:57 am
United Arab Emirates (UAE) is the major maritime hubs bridging Asia and Europe. It is located geographically in the cross road of three major international maritime roads: Suez Cana, Bab el-Mandeb Strait and Strait of Hormuz. In the year 2007, His Highness Sheikh Mohammed bin Rashid Al-Maktoum, the Ruler of Dubai, established Dubai Maritime City Authority (DMCA) to monitor, develop and promote maritime activities in Dubai.
UAE is registering dense maritime activity in oil and goods transportation. To increase confidence in the UAE market, DMCA took the initiative to establish a specialized maritime arbitration centre in Dubai known as “Emirates Maritime Arbitration Centre”.
Emirates Maritime Arbitration Centre
Emirates Maritime Arbitration Centre (EMAC) will settle disputes related to contracts of ships lease; goods transportation; sale of used ships, building and repairing ships; insurance and re-insurance policies; marine collisions cases; marine aid and rescue; and marine losses by offering absolute climate of freedom and confidentiality in choosing the applicable laws and implementing the arbitral procedure.
EMAC Rules are expected to provide for any dispute to be resolved by a sole arbitrator in the absence of the parties express agreement to the contrary. The sole arbitrator will be appointed by EMAC within thirty days of request for arbitration being filed in the event that the parties are not able to agree on the appointment. Whilst the EMAC rules will not restrict the tim eframe in which proceedings are to be concluded, final awards must be issued within ninety days of the date on which the hearing is deemed closed, subject to any extension of time granted by the Tribunal and/or Registrar and to settlement of the Tribunal’s fees.
EMAC aims at dealing with small claims, fast track arbitration, mediation and other alternative dispute resolution methods. This could potentially provide a cost-effective forum for the determination of relatively low value and straightforward claims.
Khairallah Advocates & Legal Consultants are a leader in Maritime / Admiralty / Shipping Law Services in the UAE. We will also assist you with Maritime Arbitration in Dubai. Please feel free to contact us for all kinds of maritime issues.