The 7 best reasons for choosing CIMAC as the preferred institution to arbitrate
Arbitration is the preferred method for the resolution of commercial disputes. It is private, time and cost-efficient and more straightforward than state court proceeding. Furthermore, arbitral awards are enforceable worldwide under the New York Convention of 1958.
Established since 2016, the Casablanca International Mediation and Arbitration Centre (CIMAC) offers high-level services tailored to the specific needs of its users from around the world.
- Morocco is one of the very first countries in the world having ratified the New York Convention of 1958, showing its commitment to be an arbitration-friendly forum.
- A modern arbitration law reflecting the best international practices is currently being discussed in Parliament.
- Recent case law shows clearly a trend in favor of award and arbitration agreement enforcement.
- Moroccan courts are arbitration-friendly and provide judicial assistance to arbitrators when needed, and only in cases specified by the law.
- It is the finance city of one the fastest and booming African economy.
- It is a highly regarded meeting point for business and public services.
- It benefits from Morocco’s strategic geographical position, it offers excellent flights connections to all part of the world from Africa.
- Hotels and restaurants prices are, on average, substantially lower than in any other major African or European capitals.
- The Court includes: Moroccans, Africans, Arabs, Europeans and Americans; French, English, Arabic and Spanish native speakers; and common and civil lawyers.
- The members of the Court are internationally recognized as independent specialists.
- CIMAC is the first arbitration centre on the African continent with a truly international and independent governing body.
- CIMAC’s flagship event Casablanca Arbitration Days (CAD) is an opportunity for lawyers and policymakers from Africa and the rest of the world to discuss the future of CIMAC as an arbitral institution and Casablanca as a forum for arbitration in Africa and in general to increase knowledge and discuss issues of common interest in open environment.
- > 1000 participants since the 1st CAD
- Participants from Europe, South America, Middle East and Africa.
- The CIMAC fee schedule allows for a predictable cost arbitration.
- Cost for arbitrators and administrative services are modest in comparison to other institutions.
- The modern electronic administration of cases saves time and delivery cost.
- The conduct of the proceedings may be determined by the parties and the tribunal.
- The parties can choose the language of the proceedings and the applicable substantive and procedural law.
- CIMAC will appoint arbitrators where no agreement can be reached by the parties, this ensuring that the proceedings are not stalled.
- Arbitral tribunals have the power to order interim and conservatory measures.
- Expedited arbitration (fast-track) proceedings are available, which result in an award in short time.
CIMAC has recently concluded cooperation agreement with the following arbitral centre:
- Vienna International Arbitral Centre (VIAC)
- International Centre for the Settlement of Investment Disputes (ICSID)