(ANSAmed) - CAIRO, APRIL 30 - Providing Mediterranean
enterprises with a network of arbitration centres able to handle
commercial disputes in a rapid and effective manner and in line
with a standard procedure - in an area in which Italy is among
the European partners, and the country with the highest
commercial flows at 52.7 billion euros - is the aim of the
collaboration agreement signed between Institute for Promotion
of Arbitration and Mediation in the Mediterranean (ISPRAMED) and
six arbitration centres in the Mediterranean area: the Milan
arbitration centre, the Cairo Centre, the Tunis Arbitration
Centre, the Moroccan Court of Arbitration and the arbitration
centres and chambers of commerce in Istanbul and Algiers.
The agreement was signed during the Cairo conference
''Independence and Impartiality of Arbiters: a Mediterranean
Perspective'' held by ISPRAMED with the support of the Milan
Chamber of Commerce, the Union of Italian Chambers of Commerce,
Industry, Craft and Agriculture (Unioncamere) and the National
Forensic Council, as well as Cairo's Regional Centre for
International Commercial Arbitration, with the sponsorship of
four law firms based in Italy and specialised in international
disputes, to which Egyptian Justice Minister Adel Abdel Hamid
was also invited.
''In order to ensure that this market is ever more competitive
and reliable,'' said ISPRAMED chairman Giovanni Castellaneta,
''there is the need not only for a system of shared rules but
also a homogenous alternative dispute resolution system, and
ISPRAMED is working on this.''
