The Piraeus Association for Maritime Arbitration: Elections Of The New Board Of Directors
In the context of the efforts for the further development of Piraeus as an international shipping center for the supply of high level services to shipping the “Piraeus Association for Maritime Arbitration” (PAMA) was established in 2005 by private initiative.
Founding members of the PAMA are retired Supreme Court judges, university professors, bankers, maritime lawyers and other personalities who have been involved with various aspects of shipping.
Alternative dispute resolution procedures for maritime disputes are reliable, internationally recognized, producing high quality results at lower cost and within a shorter time than other international arbitrations. Governed by the Maritime Arbitration Rules adopted by PAMA (the Rules), also drafted in accordance with international standards and the UNCITRAL Model Law for International Commercial Arbitration as adopted by Greece.
The development of Maritime Arbitration in Greece and the further development of Piraeus as an international shipping Arbitration/Mediation centre will result in considerable expense savings to ship-owners, charterers, cargo interests and their respective insurers.
Yachting interests expanding in Greece are offered alternative dispute resolution services, both Mediation and Arbitration, by PAMA!
Model arbitration clauses appear at PAMA’s website.
Worthy of note:
The waiting time and the very high cost for similar services abroad
The slow administration of justice in Greece
The available excellent International Shipping expertise in Greece
Piraeus can be a competitive and reliable alternative in the resolution of maritime dispute resolution.
Source: Piraeus Association for Maritime Arbitration