PRESS RELEASE
The Barcelona Arbitration Court (TAB) wants to be a reference in the field of international trade and maritime arbitration.
The incorporation of the best specialists in this field and the search for excellence in the provision of conflict resolution services through arbitration are at the top of the institution’s priorities.
International trade is one of the main drivers of the economy, especially for a city like Barcelona, Euro-Mediterranean capital and port of international reference. But this economic activity and the many relationships it generates are also a source of conflicts that usually require transnational entities to resolve them. The TAB is the most active institution in our country in the resolution of conflicts through arbitration, as a private, voluntary, confidential, agile and efficient system for resolving conflicts, especially suited to commercial relations.
To deal with this and position Barcelona as a point of reference in Europe and the Mediterranean, the TAB, which has delegations in the main European cities, is promoting a working group made up of the main experts who experience the reality of international trade on a daily basis and maritime law, as well as the nautical sector, which will allow us to always be up to date in order to respond immediately and adapted to the needs of legal and business operators who need to resolve conflicts or breaches that arise from their commercial relationships quickly, safely legal and at a reasonable cost.
According to Frederic Munné, president of the TAB, “the imminent celebration in our city of the 37th edition of the America’s Cup, which will take place this year, between August and October, has helped accelerate the need to close agreements in the sector and create this working group in this key sector of economic activity in the city of Barcelona”.
The president of the TAB himself points out that “we have the largest port in the Mediterranean in terms of cruise ships and goods, with more than 20 kilometers of piers and mooring docks, nearly forty specialized terminals ranging from tourism to energy, passing through containers, cars, refrigerators and a long et cetera. All these sectors of activity are generators of industries such as maritime and nautical, logistics (ZAL), transport or service distribution. For all this, we aspire to be international benchmarks also in the arbitration of these sectors of activity”.
About the TAB
The Barcelona Arbitration Court is the permanent body of the Catalan Association for Arbitration that carries out the administration of arbitrations in accordance with the law and its regulations, in accordance with the code of ethics. Its mission is to serve society by being a reference institution in the world of arbitration, standing out for its excellence in service, with the focus of its activity in Barcelona, as well as in national reference markets and international
The Catalan Association for Arbitration-Tribunal of Barcelona (ACA-TAB) was founded on February 15, 1989 by the Illustrious Bar Association of Barcelona, the Chamber of Commerce and Industry and Navigation of Barcelona, the Illustrious Notarial Association of Catalonia and the Council of Illustrious Bar Associations of Catalonia. The entity was born following the promulgation of Law 36/1988, which gave the green light for the first time to institutional arbitration. In June 2009, it was joined by the Autonomous Deanery of Mercantile and Property Registrars of Catalonia and, in April 2012, the Intercollegiate Association of Professional Colleges of Catalonia.
About arbitration
Arbitration is an alternative dispute resolution system to court proceedings in which an impartial third party, the arbitrator, resolves the dispute through a final award. The award is equivalent to a final court judgment. The parties can agree that the arbitration will be conducted and resolved in law (strictly applying the corresponding legal rule) or in equity (the arbitrator resolves the conflict according to his natural sense of what is fair), by which they will have to determine beforehand which type of arbitration is best identified with the matter and with the specific conflict they wish to resolve.