CAMC is a professionally managed centre, providing alternative dispute resolution services, set up in January 2010. CAMC independently and impartially administers the procedures of arbitration and mediation in commercial disputes. As it steps into a new age of dispute resolution, CAMC is committed to providing effective and quality alternative dispute resolution services to domestic, foreign-related and international disputes. As an international arbitration institution, CAMC’s arbitration fees for international and foreign-related cases are relatively low. CAMC provides institutional support as a neutral and independent venue for the conduct of domestic and international arbitration and mediation. The Centre aims to organize various courses and training programs on alternative dispute resolution. CAMC maintains its own panels of arbitrators and mediators, which may be used as a resource for party appointments. CAMC provides Rules and model clauses to facilitate best practice in the conduct of arbitration and mediation and assists parties in arranging facilities to manage their ADR processes, including room hire, transcription and translation services.
The Centre was established in 2010, under the name of the Cyprus International Arbitration Centre. It was soon realised that the name of the Centre created a wrong impression, namely that only international disputes could be referred to the Centre. As a result, by unanimous decision, the Centre was renamed as the Cyprus Arbitration and Mediation Centre and its main purpose is to fill in the gap that existed especially with regards to the carrying out of International Arbitrations in Cyprus, by providing services to individuals and organizations who wish to resolve conflicts out of court. The administrative services of CAMC provides for the appointment of mediators and arbitrators, setting hearings and providing users with information on dispute resolution options. CAMC was established for filling the gaps in the absence of an arbitration court. Due to the absence of arbitration rules in Cyprus, CAMC has been inspired by the United Nations recommended rules, which are commonly referred to as the UNCITRAL Arbitration Rules, in order to draft its institutional rules.
CAMC aims to be Cyprus’ premier forum for commercial dispute resolution, by providing arbitral rules, which draw on the latest innovations in international arbitration best practise and a dedicated secretariat which facilitates the efficient and impartial administration of arbitration and mediation proceedings. The Centre also aims to be a vocational training centre about arbitration and alternative dispute resolution in general by organizing seminars and training programs. CAMC success is founded on its commitment exceptional but cost-effective service, tailored to the specific needs of each case.