A MoU has been signed by DIAC & IICA to cooperate on arbitration and international disputes
- MoU will see DIAC and IICA cooperate on arbitration awareness sessions, research, training and knowledge sharing.
- DIAC Director: Strategic agreement is the next natural step in developing and expanding UAE-Israel ties.
A memorandum of understanding (MoU) was recently signed Dubai International Arbitration Centre (DIAC), with the Israeli Institute of Commercial Arbitration (IICA), which was founded by the Federation of Israeli Chambers of Commerce.
That will see the two institutions work in collaboration to promote a more effective resolution of international disputes through arbitration and other means of dispute settlement.
Rashid Shahin, Director of DIAC and Adv. Menashe John Cohen, President of the IICA signed the MoU during a virtual ceremony held jointly at the institutions respective offices.
DIAC and IICA, under the terms of the agreement will co-organise seminars, conferences and programs aimed at raising awareness about arbitration and other alternative dispute resolutions in international commercial transactions, and in particular, business involving UAE and Israeli parties.
