The Dubai International Arbitration Centre (DIAC), a Dubai Chamber of Commerce and Industry initiative, is organizing two training courses on international commercial arbitration and construction contracts in light of rising cost.
The two courses are organized in cooperation with King’s College London, the courses will be held in conjunction with the Commercial Arbitration in Arab Countries Conference being organized from November 8 to 13, in collaboration with Dubai Chamber of Commerce and Industry, the Tunisian Conciliation and Arbitration Centre and Abu Dhabi Commercial Conciliation and Arbitration Centre.
The first four-day course running from November 8 to 11 targets beginners and people interested in international commercial arbitration. It will introduce participants to the multiple benefits of international commercial arbitration, modern practices and the importance of arbitration in settling commercial disputes between companies resulting from cross border agreements.
The two-day long second course running from November 9 to 10 will, for the first time, discuss construction contracts, focusing on tender submissions, cost evaluation, differences in prices of building materials during various phases including contract duration and the construction process.
Also during the event, interactive workshops will be held under the direction of Prof. Phillip Capper, Nash Professor of Engineering Law, King’s College London and partner White & Case LLP law firm, with the assistance of a team of international experts.
Dr. Hussam Al Talhuni, Director of DIAC, said:
“The courses actively contribute to raising the awareness and skills of contracting parties and educating them on the basics and methods of international commercial contracting. This will help them avoid disputes before signing contracts or opting for effective arbitration methods when disputes occur.”
“The construction contracts course,” explains Al Talhuni, “coincides well with the current regional construction boom and the latest rising prices and cost of building materials which are very important issues for the construction and real-estate sectors.”
The Conference, on the other hand, is held under the patronage of HE Dr. Hadif Bin Jauan Al Daheri, UAE Minister of Justice, with the aim of modernizing arbitration laws in Arab countries and their adherence to regional and international treaties and improving the skills of contracting parties.
The future role of courts, Arab commercial arbitration laws and arbitration in connection to attracting foreign direct investment to the region, will come under the spotlight at the Conference.
Dr. Talhuni thanked Dubai Chamber of Commerce and Industry (Dubai Chamber), the home of DIAC headquarters, for supporting DIAC events and collaborating with DIAC to the development and the spread of commercial arbitration.
HE Eng Hamad Buamim, Director General, Dubai Chamber, said:
“the Conference is an ideal meeting point for people interested in commercial arbitration and exchange of expertise. Commercial arbitration is a major element in every healthy business community.”
The Dubai Chamber Director General also lauded DIAC for its efforts in settling commercial disputes and spreading the concept of commercial arbitration in the Arab countries. “DIAC is a guiding light for Dubai’s business community, offering disputing parties fair and honest arbitration,” said Buamim.
The Conference is sponsored by leading legal firms operating in the UAE. Clifford Chance, the platinum sponsor is specialized in legal consultancies for the banking and financial sector, money markets, M&A acquisitions, dispute settlements property, taxes, pensions and employment.
Simmons and Simmons, the gold sponsor, is a specialist in legal disputes, aviation and defense, taxes, corporate, property, energy and infrastructure and EU affairs.
Denton Wilde Sapte, the silver sponsor, is an expert in legal commercial services for several sectors; technology, retail, financial and energy.
DIAC, Dubai’s first centre to offer commercial arbitration services, is an autonomous, permanent, non-profit institution, offering commercial arbitration services, settlement of disputes by arbitration, developing a pool of arbitrators in the practice of international arbitration, and an efficient, flexible and impartial administration of disputes.
Tuesday, October 21- 2008 @ 12:54 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.