Abu Dhabi International Arbitration Centre to commence operations from 1st February

Abu Dhabi International Arbitration Centre to commence operations from 1st February

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the commencement of operations for the Abu Dhabi International Arbitration Centre (arbitrateAD) from February 1, 2024. This strategic initiative aligns with the Chamber’s commitment to fortify Abu Dhabi’s standing as a preeminent global hub for arbitration. 

At the forefront of international dispute resolution, arbitrateAD signifies a paradigm shift in the institutional landscape of the Emirate. Not only will the Centre administer arbitration proceedings under its new rules, but it will also serve as the appointing authority in ad hoc proceedings and plans to offer cutting-edge hearing facilities in the near future.

Operating under a new constitution, a dynamic team, and arbitration rules aligned with international best practices, arbitrateAD places a strong emphasis on impartiality. The Centre’s group of top-tier experts will oversee both domestic and international arbitration proceedings, amplifying awareness within the global business community that Abu Dhabi is a trustworthy destination for dispute resolution. The distinguished team includes Maria Chedid, the global chair of Arnold & Porter’s international arbitration practice group, she will be the first female president of an arbitral court in the Middle East.

H.E. Abdullah Mohammed Al Mazrui, Chairman of the Board of Directors of ADCCI and Chairman of the Board of Directors of arbitrateAD said, “The establishment of the Abu Dhabi International Arbitration Centre reflects the Chamber’s dedication to bolstering the competitiveness of our national economy in alignment with global economic shifts. Additionally, advancing the position of Abu Dhabi as a leading global destination for business and investment, and consolidating its distinguished reputation in the international community will lead to making Abu Dhabi one of the most trusted options in the world for resolving disputes through alternative methods.”

Maria Chedid, President of the Centre’s Court of Arbitration, said: “The new arbitration rules adopted by arbitrateAD are in line with the latest international best practices. We are committed to ensuring that our services and practices are aligned with the evolving demands of the times, ensuring they cater to the needs of both the arbitration and business communities.”

Kristin Campbell-Wilson, Executive Director of the Centre, said: “The Centre is dedicated to delivering alternative dispute resolution services through effective, impartial and efficient procedures. Leveraging its distinguished expertise, we uphold the principles of integrity, transparency, and fairness. Our commitment to swift, efficient procedures aims to secure the Centre’s global footprint in international arbitration.” 

Pending cases under the existing rules of ADCCAC will continue to be administered by the existing team under the auspices of the Abu Dhabi Commercial Conciliation and Arbitration Centre.

 

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