• March 23rd, 2022

Barcelona, 23th March 2022 – Today took place a special meeting of ASCAME’s arbitration experts committee. This committee was created by ASCAME’s Arbitration and Mediation Working Commission, with the goal to set in motion the creation of the Consulate of the Sea – Mediterranean Arbitration & Mediation Center. The meeting today established the roadmap to successfully reach this objective, as well as the internal mechanisms to ensure a fruitful cooperation between all the committee members.

The Working Commission on Arbitration is chaired by the Barcelona Chamber of Commerce (with the leadership of Mr. Jordi Domingo, Head of the Consulate of the Sea in Barcelona) and will be composed by a committee of selected advisors: the Chamber of Commerce, Industry and Agriculture of Beirut and Mount-Lebanon (with Mr. Rayan Kouatly), the Piraeus Chamber of Commerce & Industry in Greece (with Mr Dimitrios Lemonakis), the Istanbul Chamber of Commerce (with Mrs. Senem Bahcekapili Vincenzi), the Chambre de Commerce d’Industrie et de Services de la région Tanger Tétouan Al Hoceima (with Mr Maouhib El Kassimi) and the Alexandria Chamber of Commerce in Egypt.

The meeting started with a speech by Mr. Ahmed El Wakil, President of ASCAME, who highlighted the potential of an efficient Mediterranean arbitration centre to establish a system that helps each country in the region attract investment and reduce expenses.

Moreover, Mr. Jordi Domingo explained that the Mediterranean Arbitration and Mediation Centre will be articulated around Barcelona’s Consulate of the Sea, because of its undoubted historic prestige and Barcelona’s role as an international innovation and trade hub.

The Consulate of the Sea – Mediterranean Arbitration and Mediation Center will contribute positively to the resolution of the disputes between Mediterranean companies and with companies outside the region. It will not constitute a challenger to the national and regional centres of arbitration; on the contrary, it will have a cohesive role and will be a key instrument for successful coordination of North-South business activities.

Therefore, ASCAME’s final goal in setting in motion the creation of this Centre is to foster the commercial exchanges between the two rims of the Mediterranean and to create a legal security climate for the region.