Sharjah: «Gulf»
The Sharjah Center for International Commercial Arbitration “Tahkeem”, in collaboration with the British Royal Society of Certified Arbitrators, organized a dialogue session on arbitration and its importance in improving the country’s business environment and more important points followed in the arbitration. International Financial Dubai.
The session was attended by Dr. Asmaa Al-Rasheed, member of the Executive Committee, Attorney Mohieddin Al-Banna, President and Founder of Qaf Law Firm, and Attorney Robert Sliwinski, Legal Advisor at Al-Suwaidi Law Firm & Partners. was moderated by attorney Natasha Zahid, chief legal officer of Clyde & Co. .
At the beginning of the session, Ahmed Al-Ajlah, Director of the Center welcomed the participants and gave an introductory presentation on the Sharjah International Commercial Arbitration Center “Tahkeem”, which included the introduction of the working mechanisms used to dealing with applicable arbitration cases, the quality of services provided by the Center in line with modern international arbitration standards, and the importance of arbitration in enhancing economic and investment stability in the country and ensuring a safe and exemplary investment environment.
Ahmed Al-Ajla also discussed in session the nature of the relationship between arbitration and local courts as a homogeneous and complementary relationship, as it results in many positive outcomes that are in the interest of all parties, both in the public interest and in the interest of institutions and individuals, or even in terms of improving the economic context of the State, which translates into the construction of real partnerships between government and the private sector, and stimulates the construction of a competitive, profitable and respectful environment environment, and stimulates continuity in this field.
The session addressed a wide range of specialized arbitration issues and topics, including best practices in the arbitration industry locally and internationally, the types of cases considered by arbitrators, the efficiency of the arbitration process, and the differences between the administrative process of cases considered by local courts versus arbitral institutions.
The participants in the session underlined that the option of resorting to arbitration centers instead of resorting to the courts has become a preferred option for many investors and owners of large companies, due to the many advantages and facilities it provides them, presenting a number of examples of disputes that have been resolved through arbitration, as well as shedding light on the role of arbitrators in arbitration and the degree of flexibility in dealing with arbitration rules and the extent of their powers to intervene in the procedures followed in arbitration in various cases and controversies.
