Cyprus Arbitration & Mediation Centre (CAMC) – Cyprus Employers and Industrialists Federation (OEB)
On 9 May 2024, a meeting was held between the Cyprus Bar Association, the Cyprus Arbitration and Mediation Centre, and the Cyprus Employers and Industrialists Federation. The main objective of the meeting was to achieve cooperation for the promotion of alternative dispute resolution methods, arbitration, and mediation.
The meeting was attended by the President of the Federation, Mr. Antonis Antoniou, the General Director, Mr. Michael Antoniou, the Member of the Executive Committee, Mr. Andreas Mylonas, and the officer, Ms. Lena Panagiotou. On behalf of the Cyprus Bar Association, the meeting was attended by the President and Members of the Board, the Chief Executive Officer, and the President and Members of the Board of the Cyprus Arbitration and Mediation Centre.
The President of the Cyprus Bar Association briefly referred to the progress of the Cyprus Arbitration and Mediation Centre and noted that the Centre has the necessary infrastructure to serve the parties at all stages of arbitration and mediation proceedings. He also highlighted the comparative advantages of arbitration and mediation regarding the quick and efficient resolution of commercial and/or investment disputes. In addition, he referred to the efforts made to bring into force new unified legislation on arbitration in cooperation with the competent bodies. In this context, the importance of this project was particularly stressed, and it was decided to submit joint proposals.
The President of the Cyprus Arbitration and Mediation Centre, Mr. Andreas Michaelides, referred to the history of its establishment, its main purposes, and its services, focusing on the need to include arbitration clauses in contracts for the purpose of submitting cases to the Centre.
The Cyprus Employers and Industrialists Federation stressed the importance of providing targeted information to its members on the benefits and advantages of these specific alternative dispute resolution methods and the Cyprus Arbitration and Mediation Centre, the use of which can be a positive factor for economic growth and the attraction of investments.
Finally, the Cyprus Bar Association and the Cyprus Employers and Industrialists Federation agreed to further strengthen and develop communication and joint efforts to promote and achieve the above-mentioned objectives.