On 21 November 2019, Dr. Ismail visited Matouk Bassiouny & Ibrahim Law Firm, which is based in Dubai, and met the Managing Partner. Discussions approached the reasonable costs of arbitration under CRCICA in light of the findings of the 2017 GAR survey on “Arbitration costs compared”, Dr. Selim has also shed light on the fact that the Rules of the CRCICA are based on the UNCITRAL Rules, thereby permitting the constitution of the arbitral tribunal through party autonomy. Dr. Selim has also explained that in case the co-arbitrators fail to agree on the presiding arbitrator, the CRCICA Rules would still permit the involvement of the parties in the appointment of the presiding arbitrator through the identical list procedure which is regularly applied by the CRCICA when requested by the parties to appoint an independent and impartial sole or presiding arbitrator. Moreover, Dr. Selim focused on the CRCICA/ADGM Cooperation Agreement concluded in September 2019 and highlighted that ADGMAC and DIFC can be chosen as the seat of arbitration and mediation cases administered under CRCICA Rules and vice-versa.
The second visit was on the 3rd of December 2019 to Al Tamimi & Co – Riyadh Office where he met the Partners and discussed very interesting topics in relation to CRCICA’s background, caseload, recent recognitions, appointment of arbitrators through party autonomy, cost effectiveness and continuous successful activities to serve the legal community efficiently to the best interest of arbitral justice.
