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This arbitration centre is being launched pursuant to Dubai Maritime City Authority’s Law No. 11 of 2007, which stipulates that an arbitration centre meeting international standards is to be created within Dubai’s Maritime City. EMAC will fill the immediate need for a specialized maritime arbitration centre in the Middle East, Asia and Africa.
EMAC’s Rules are based on the UNCITRAL Arbitration Rules 2010 but are full of new approaches and new methods which it is hoped will bring a fresh touch and a faster and cheaper arbitration process than offered by the current maritime arbitration centres.
In the speech delivered by H.E. Dr. Abdullah Belhaif Al-Nuaimi, Minister Of Public Works, in the EMAC Workshop held on 16 April 2015, he endorsed and supported EMAC and emphasized the importance of alternative dispute resolution. The UAE government believes in arbitration as one of the venues for settlement of disputes and in particular for shipping disputes. His Excellency also emphasized that the government will have no involvement in the running of the arbitration centre. It is for the parties to agree on arbitration and the arbitration centre will be fully independent. The government will assist in providing support and training to allow the centre to operate fully and independently from the government.
Some of the features of EMAC are:
The UAE is currently a major – if not the largest – maritime and shipping hub in the region:
EMAC will provide a natural choice for the shipping industry and associated industries to settle their disputes through specialized arbitration transaction. EMAC’s structure is designed to provide services to local, regional and international shipping communities. Dubai and the UAE hope that in time EMAC will take its place alongside the established centers for maritime arbitration.