Posted On 9/24/2012
ADCCAC signs cooperation agreement with ACICA
Abu Dhabi Commercial Conciliation and Arbitration Center (ADCCAC) of the Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed a cooperation agreement with the Australian Center for International Commercial Arbitration (ACICA).
HE Mohammed Helal Al Muhairi, Director General of the ADCCI, signed the agreement on behalf of ADCCAC, and HE Prof. Doug Jones, President of ACICA signed off on behalf of ACICA, with the attendance of HE Pablo Kang, the Australian Ambassador to UAE, and Mr. Mohammed Al Nuaimi, Executive Director of the Communication Sector at the Abu Dhabi Chamber.
HE Mohammed Helal Al Muhairi, Director General of the ADCCI, said that signing this agreement with ACICA comes within the strategic plan of ADCCAC to expand its scope of work and services and to benefit from the best practices and knowledge in commercial arbitration. He pointed to the rapid rise in demand from global and local commerce for the fast, cost-effective and final resolution of disputes.
The Director General noted that ADCCAC is aware of developing the culture of arbitration and dispute resolution within the business community of the Emirate of Abu Dhabi.
He said that ADCCAC is one of the initiatives of the Abu Dhabi Chamber which aims at providing all the possible facilities to its members in a way that contributes to the development and stability of their trade businesses.
“ADCCAC provides its services to resolve commercial disputes efficiently and effectively through commercial arbitration by securing skilled arbitrators, specialists and experts. It also provides its services securely while maintaining confidentiality,” he said.
HE Al Muhairi also noted that ADCCAC and is one of the first arbitrating centers in the entire region and was established in 1992 to be a center for resolving national and global commercial disputes in the Gulf region.
For his part, Prof. Doug Jones, President of ACICA said: ……………………………
The cooperation agreement states that ADCCAC and ACICA agree to benefit businesses in Abu Dhabi and Australia in resolving their local and international disputes and benefit them from the facilities and services they provide.
The agreement also states that the two parties shall regularly engage in mutual exchange of information that assist in the development of arbitration and international dispute resolution jurisprudence and in the improvement of their rules and policies.
They also agreed to cooperate in conducting seminars, courses and workshops that are relevant to the subject of the agreement and exchange visits to one another’s centers to further develop their good relations and to become familiar with the daily work procedures and experienced and to take advantage of the best practices in arbitration and resolution of disputes.