Gujarat International Maritime Arbitration Centre (GIMAC)

Why in news ? Recently, a Memorandum of Understanding (MoU) was signed between the Gujarat Maritime University and International Financial Services Centres Authority in GIFT (Gujarat International Finance Tec-City) City. The objective of the MoU is to jointly support the establishment of the Gujarat International Maritime Arbitration Centre (GIMAC). About GIMAC: This will be the first centre of its kind in the country that will manage arbitration and mediation proceedings with disputes related to the maritime and shipping sector. The GIMAC will be part of a maritime cluster that the Gujarat Maritime Board (GMB) is setting up in GIFT City at Gandhinagar.Read More