Honorable Respected Prof. Gamalieli Mgongo Fimbo, Mr Chairman, our most valued invited members, participants, senior advocates among us and aspiring arbitrators here together, ladies and gentlemen! It’s my privilege to have been asked to propose a vote of thanks on this inaugural annual arbitration conference.
I wish to convey our deep appreciation to our Guest of Honor, Professor Fimbo for kindly accepting our invitation and gracing the inaugural function. He, being one of the founding members of our Institute we feel privileged to have him here to share with us his experiences during the last 20+ since the birth of the institute. He has presented to us a lot to think about specifically the challenges and the need to review the Arbitration Act cap 15 of 2002. Actually, this act is ancient and in my opinion, there is need for a total overhaul of the Act to align it to international standards that will make it friendlier for the end users, such as that of the UNCITRAL Model Law. Also for us to enhance the use and application of arbitration in TANZANIA we need to ensure there are arbitration clauses in commercial contracts and also employment contracts as presented by Professor Fimbo in his address.
I, on behalf of the Institute, our Council and the entire team, and on my own behalf extend a very hearty vote of thanks to all speakers for gracing your important work and sharing with us your findings and opinions today. As you all know, the organization of such event is generally the result of close cooperation among several individuals. It is my great pleasure to express, on behalf of the organizers and on my own behalf, a deep appreciation for the support and encouragement provided by such individuals who will be presenting today!
The main purpose of the Annual Conference is to exchange views on arbitration and other forms of ADR which could help Tanzania and in particular the institute to determine its path for the expansion of arbitration and ADR services and facilities. Importantly an integral aspect of the Strategic Plan is to sensitize and build capacity in the area of Arbitration. The bad news for the future generation of arbitration lawyers from regions where arbitration is well- developed is that there is expected to be greater competition in the field. But there is better news for those practising in regions where the practice of international arbitration is still developing and the pool of specialized international arbitration practitioners is much smaller.
Our sincere thanks to all the participants who are the reason of this event. This is a unique opportunity to learn from the country’s best experts in arbitration law and practice. I promise that you will not be disappointed.
Ladies and Gentlemen, by way of concluding, as the TIArb celebrates the inaugural annual arbitration conference, and we reflect on the struggle and the success in the past, it is also time to lift up our eyes to the new horizon ahead. Opportunities abound but challenges are also plentiful. It is a time to consolidate, to prepare, to rethink, and to work together to help TIArb and Tanzania to scale new heights as a leader in international arbitration. In this regard, as Vice Chair, I would do whatever I can to support, and to realize our common goals.
Let us join our hands and give a big applause to our guest of honor for declaring our conference officially open.
Finally, may I wish you a very successful conference. Thank you very much.