The Sharjah International Commercial Arbitration Centre Visits Leading Arbitration Centres in Japan and South KoreaPublish Date :
Representatives of the Sharjah International Commercial Arbitration Centre (TAHKEEM) conducted business visits to South Korea and Japan from 15 – 21 April to strengthen bilateral relations with a number of leading arbitration centres in the two countries.
The visit aimed to facilitate the exchange of expertise and knowledge as well as promote the services rendered by TAHKEEM in areas of resolving commercial disputes in the Gulf region. The visit also served to highlight TAHKEEM’s contributions to create an investment-friendly environment in the Emirate of Sharjah and the UAE.
The TAHKEEM delegation included Mr. Abdulla Deaifis, Executive Committee Chairman, Mr. Mohammed Al-Shehhi, Member of the Executive Committee, and Ahmed Al Ajlah, Director of TAHKEEM. The visit comes as TAHKEEM seeks to enhance its services provided to the business community at the local and regional levels and sheds light on the substantial role the centre is playing as an effective economic enabler.
In South Korea, the delegation held a meeting with the Korean Commercial Arbitration Board to discuss prospects of cooperation. A Memorandum of Understanding was signed to exchange arbitration knowledge and expertise by TAHKEEM’s Chairman and the Chief of the Korean Commercial Arbitration Board.
The delegates visited the Seoul International Dispute Resolution Centre and were briefed on the logistics services provided by the Korean centre in the settlement of business conflicts. TAHKEEM representatives explained the methodologies, measures and processes adopted by the centre to ensure effective, friendly and expeditious settlement of commercial disputation.
In Japan, the delegates visited the Japan Commercial Arbitration Association and met its Chairman, who updated the delegation on the disputation resolution mechanism adopted by the Japanese association, which was established in 1950. The representatives also visited the leading Japanese law office, ATSUMI & SAKAI, to present the multiple services provided by TAHKEEM and its contributions to establishing an investment-friendly environment in the Emirate of Sharjah. The two sides explored the best ways to boost bilateral relations now and in the future. The Japanese office expressed satisfaction with the outcome of the visit and readiness to launch positive channels of collaboration with TAHKEEM on arbitration cases in the Middle East region.
“The tour fits within our strategy and annual and future planning to develop our mechanism of work and support the business environment in the Emirate of Sharjah and the UAE,” said Mr. Deaifis. He added that TAHKEEM seeks to uphold best practices that ensure the fair and expeditious resolution of commercial disputes, and therefore, effectively contribute to boosting economic growth in the emirate.
Moreover, he expressed sincere thanks to the UAE Foreign Ministry and embassies in South Korea and Japan for their hospitality and valuable efforts to render the two visits a true success.
Likewise, Mohamed Al Shehhi noted that the visit comes as part of TAHKEEM’s continual endeavours to strengthen relations with leading arbitration centres around the globe and explore ideal ways to boost economic activity in alignment with the directions of the Government of Sharjah.
Furthermore, Director Ahmed Al Ajlah underlined the importance of the visits. He commented: “[These visits] help give the right exposure to the arbitration services provided by TAHKEEM and keep the centre’s members abreast of the latest developments in this field.”
The TAHKEEM delegation exchanged plaques with their counterparts during the arbitration centre visits and made a connection with those who contributed to the success of the visits, thus reflecting positively on the centre’s services and activities.