Emirates Maritime Arbitration Centre’s holds seminar on the enforcement of arbitral awards
Breakfast with EMAC in April welcomed Richard Strub, Partner at Holman Fenwick Willan (HFW), who delivered a presentation about understanding enforcement of arbitral awards in the Far East, Middle East and beyond. The seminar sought to consider the importance of dealing with Chinese counterparties in the contest of increased trade and the impact this has on enforcing against assets in China as well as considerations to be made when arbitrating with Asian counterparties. In exploring enforcement closer to home, with DIFC awards, Mr. Strub explained the relationship between the DIFC Courts and subsequent enforcement onshore, and the alternative of direct onshore enforcement under the new UAE arbitration law in addition to enforcing foreign awards in the UAE and wider GCC.
“The enforcement of arbitral awards is one of the most important processes in the arbitration process and understanding its implications is crucial. We had a phenomenal turn out for this session which suggests that the maritime industry continues to have confidence in us and that EMAC’s services compliment the region,” said Mr. Majid Obaid bin Bashir, Acting Chairman and Secretary General, EMAC.
Over the last week, EMAC has been active in its sponsorship presence at the Corporate Counsel Middle East Forum. Having access to peer-to-peer events such as these, ensures that all stakeholders who focus on the law, know that EMAC is here as a service to the maritime, logistics, and oil and gas industries.
EMAC will continue its pre-Ramadan activities with participation at the Middle East Offshore Support Journal Conference where Edward Newitt, Member of the Board of Trustees at EMAC will participate in a panel discussion about ‘When things go wrong in OSV and rig charters – making the best of a bad situation’.
The next Breakfast with EMAC seminar will continue on 2nd May, hosted by the Abu Dhabi Global Market Arbitration Centre (ADGMAC) at their offices in Abu Dhabi.