SÉRVULO advised ACIF on the creation of the new Arbitration Center in Madeira
NEWS AND EVENTS 23 Jun 2023
SÉRVULO advised ACIF-CCIM (Funchal Chamber of Commerce and Industry) in the creation of the new Madeira Arbitration Center. The unveiling ceremony is scheduled for June 23.
Professor Sérvulo Correia will present today the new Madeira Arbitration center at the ceremony that will take place at the Assembly Hall of the Legislative Assembly of Madeira, in a joint organization by ACIF, SÉRVULO, and the Regional Council of the Bar Association. The new center will operate at the headquarters of ACIF-CCIM in Funchal.
"This was a challenge that we embarked on together with ACIF in 2020, with SÉRVULO providing all the necessary legal and technical support for the creation and establishment of the Commercial Arbitration Center," highlights lawyer Nuno Teixeira.
"It was a lengthy process of coordination and cooperation between ACIF, SÉRVULO & Associados, and the Ministry of Justice, culminating in the authorization for its establishment issued by the Ministry of Justice, which will enable the operation of the Arbitration Center. Our expectation is that, from now on, the Center can play a pivotal and alternative role as a tool for conflict resolution," adds lawyer Francisca Mendes da Costa.
The SÉRVULO team that advised ACIF consisted of lawyers Nuno Teixeira, Francisca Mendes da Costa and Mark Kirkby.
The new Madeira Arbitration Center will have the authority to administer institutionalized voluntary arbitrations in any matters not excluded by law, aiming to resolve general, public, private, domestic, or international disputes. With this measure, the Ministry of Justice strengthens alternative means of dispute resolution, particularly the role of institutionalized arbitration centers in resolving administrative conflicts. This represents an effective way to alleviate the workload of administrative and tax courts and provide access to justice in situations that would otherwise lack effective judicial protection.