Fujairah Chamber of Commerce and Industry Celebrates Graduation of Commercial Arbitrators
Fujairah, UAE – The Fujairah Chamber of Commerce and Industry recently held a celebration at its headquarters to mark the graduation of the first batch of commercial arbitrators. The program, aimed at rehabilitating and preparing 15 arbitrators, was conducted in collaboration with the Arab Institute for Accountants and Legal Professionals. The ceremony was attended by Sheikh Saeed bin Suroor Al Sharqi, Chairman of the Board of Directors of the Fujairah Chamber of Commerce and Industry, along with other dignitaries and the graduates themselves.
During the event, Sheikh Saeed Al Sharqi emphasized the importance of arbitration in achieving speedy dispute resolution and reducing wasteful procedures. He commended the Arab Institute for Accountants and Legal Professionals for their contribution to the rehabilitation and preparation of the arbitrators.
Sultan Al-Hindassi, Director General of the Chamber, congratulated the graduates for successfully completing the program, which covered various aspects of commercial arbitration, including financial and banking disputes, maritime arbitration, real estate dispute resolution, electronic disputes, and intellectual property.
Al-Hindassi also highlighted the Chamber’s commitment to activating the Fujairah Center for Conciliation and Commercial Arbitration. He emphasized the center’s increasing significance in light of the expanding commercial and investment businesses in the emirate. The Chamber aims to create a conducive environment for the center to collaborate with other commercial arbitration centers and raise awareness about alternative methods of settling commercial disputes. The center will operate with full legal independence as stipulated in the UAE Arbitration Law No. (6) of 2018.
Dr. Adnan Abu Odeh, Chairman of the Board of Directors of the Arab Institute for Accountants and Legal Professionals, praised the Chamber’s dedication to activating the Fujairah Center for Conciliation and Commercial Arbitration. He also commended the Chamber for signing an agreement with the institute to ensure the highest levels of training for the arbitrators.
The ceremony concluded with Sheikh Saeed Al Sharqi, Sultan Al-Hindassi, and Dr. Adnan Abu Odeh presenting certificates to the graduates, marking their successful completion of the program.
The graduation of these commercial arbitrators is a significant step towards enhancing the dispute resolution process in Fujairah and promoting a favorable business environment for commercial and investment activities in the emirate.
What role does the Fujairah Chamber of Commerce and Industry play in promoting business growth and resolving commercial disputes in the region
Promoting business growth. He commended the graduates for their dedication to acquiring the necessary skills and knowledge to become qualified commercial arbitrators.
The program, which spanned several months, provided comprehensive training in areas such as contract law, negotiation techniques, and arbitration procedures. It aimed to equip the participants with the expertise needed to effectively resolve commercial disputes and contribute to the economic development of Fujairah.
Sheikh Saeed Al Sharqi expressed his gratitude to the Arab Institute for Accountants and Legal Professionals for their collaboration and support in organizing the training program. He emphasized the significance of partnerships between various institutions in developing the skills and capabilities of professionals in the business sector.
The graduation ceremony was a memorable occasion for the 15 participants who successfully completed the program. It marked the beginning of their careers as qualified commercial arbitrators, opening up opportunities for them to contribute to the resolution of commercial disputes in Fujairah and beyond.
The Fujairah Chamber of Commerce and Industry has long been committed to promoting a favorable business environment in the region. Through initiatives like the commercial arbitration training program, they aim to cultivate a pool of skilled professionals who can effectively address the challenges faced by the business community.
The graduation ceremony served as a testament to the commitment and dedication of both the participants and the Chamber of Commerce and Industry. It highlighted the importance of continuous learning and professional development in today’s rapidly evolving business landscape.
With the skills and knowledge acquired during the training program, the graduates are well-positioned to make a positive impact in their respective fields. Their expertise in commercial arbitration will not only benefit businesses in Fujairah but also contribute to the overall economic growth and development of the region.
The Fujairah Chamber of Commerce and Industry plans to continue organizing similar training programs and initiatives in the future. By investing in the development of professionals and promoting alternative dispute resolution methods like commercial arbitration, they aim to create a business-friendly environment that fosters growth and prosperity in Fujairah.
