Dubai Int’l Arbitration Centre promotes its services in China

Dubai / WAM

As part of their efforts to promote commercial arbitration in settling trade disputes, and to exchange experiences and knowledge in the area of alternative dispute resolution, the Dubai International Arbitration Centre (DIAC), an initiative of Dubai Chamber of Commerce and Industry, in cooperation with the UAE Consulate in Shanghai, organised an introductory session to highlight the benefits and services offered by the Centre to Chinese contracting parties, at the Pudong Shangri-La Hotel in Shanghai recently.
The meeting, attended by Ibrahim Almansouri, Consulate General of the United Arab Emirates in Shanghai, also included interested business owners, practicing lawyers, arbitrators, ADR practitioners, experts and users, litigators, judges and academics, focused on the world-class arbitration services provided by the Centre in settling global trade disputes and how Chinese contracting parties can benefit from these diverse services.
In his welcome address during the meeting, Dr Habib Al Mulla, Chairman Board of Trustees, DIAC, called upon the Chinese companies to make their base in Dubai to reach out to the lucrative markets of the region, adding that the emirate’s strategic location, its highly developed infrastructure, logistical and financial services make the city an ideal investment destination for global investors.
Dr Al Mulla also stressed on the presence of a strong legal framework in the emirate which he said protects the rights and duties of overseas companies as well as their FDIs as Dubai emphasises on adopting alternative means of arbitration in settling trade disputes.