Latest news with #commercialarbitration
Zawya
05-08-2025
- Business
- Zawya
Al-Hamad emphasized strengthening the role of commercial arbitration
London, United Kingdom – Dr. Kamal Abdullah Al-Hamad, Secretary-General of the GCC Commercial Arbitration Centre, emphasized the importance of enhancing the role of commercial arbitration and dispute resolution in attracting foreign investments to the Gulf region. He highlighted the need to create a conducive business environment supported by modern tools that ensure stability, growth, and prosperity for investments, thereby contributing to the economic momentum of the GCC countries. This came during a meeting held at the London Court of International Arbitration (LCIA), attended by Mr. Majid Garoub, Chairman of the Centre's Advisory Committee, and Mr. Brandon Malone, Advisory Committee Member and Chairman of the Scottish Arbitration Centre. The meeting addressed several topics of mutual interest. Dr. Al-Hamad praised the efforts of the LCIA and its collaboration with the GCC Commercial Arbitration Centre in fostering a secure investment climate, facilitating business practices, and supporting investors in expanding their ventures. He further emphasized the importance of providing legal guarantees that protect and encourage foreign investment, enhancing the overall reputation of investment activity in the GCC region. During the meeting, Dr. Al-Hamad presented an overview of the GCC Commercial Arbitration Centre's role in ensuring a transparent and supportive legislative environment for arbitration procedures in the Gulf, enforcing arbitration rulings, and developing a robust pool of arbitrators and experts. He also highlighted the Centre's commitment to ongoing training and qualification, which ensures the issuance of fair and specialized decisions in resolving disputes and contributes to legal and judicial security in the region. Dr. Al-Hamad reaffirmed the pivotal role of arbitration centers, commercial courts, and relevant ministries and authorities in the GCC in promoting legal awareness and educating investors on the importance of arbitration as an alternative to litigation. He pointed out that arbitration is one of the main tools for attracting investment, instilling confidence in investors, and encouraging the transfer of capital to host countries, thereby boosting commercial activity. Both parties agreed on fostering mutual cooperation and exchanging expertise in dispute resolution, with the aim of creating a sustainable investment strategy for the GCC region.
Zawya
28-07-2025
- Business
- Zawya
Gulf Arbitration Center unveils advanced mechanisms for registering arbitrators and experts
London, United Kingdom – The Secretary-General of the GCC Commercial Arbitration Centre, Dr. Kamal Al-Hamad, affirmed the Centre's commitment to strict and advanced standards in the procedures for registering arbitrators and experts. During an official visit to the headquarters of the Chartered Institute of Arbitrators (CIArb) in London, attended by the Chairman of the Advisory Committee, Lawyer Majid Garoub, and committee member Mr. Brandon Malone, Chairman of the Scottish Arbitration Centre, Dr. Al-Hamad emphasized the Centre's dedication to aligning with the best and most up-to-date global practices in commercial arbitration and dispute resolution. This effort is part of the Centre's strategic plan to be ranked among the top five commercial arbitration centers worldwide. Dr. Al-Hamad stated that the rigorous standards applied by the Centre in accepting arbitrators and experts are a foundational pillar of its success in delivering professional dispute resolution services and achieving the highest levels of quality and trust. By adopting strict, well-defined criteria, the Centre ensures the selection of highly competent professionals with extensive experience, skills, and qualifications—capable of making precise decisions. This, in turn, encourages disputing parties to turn to the Centre for resolution and benefit from its services. He added that the criteria include possessing legal knowledge, analytical thinking, communication skills, the ability to manage complex situations, impartiality, and a deep understanding of arbitration principles and the laws governing the disputes being resolved. 'We consider these rigorous standards the cornerstone of the Centre's reputation and sustained success. The arbitrators and experts we appoint play a vital role in building our reputation as a leading commercial arbitration center. They reflect the efficiency and quality of the services we provide by possessing arbitration expertise, professional qualifications, and relevant licenses,' he said. Dr. Al-Hamad pointed out that an arbitrator or expert is a neutral third party appointed to help resolve disputes outside of traditional court procedures. To be an effective arbitrator, one must have a range of skills that enable them to listen to arguments presented by parties, assess evidence impartially, and make swift, reliable, and fair decisions. He also noted that the Centre currently has a large team of specialized arbitrators and experts across various fields. Their skills and expertise are continuously assessed in accordance with the Centre's work and the specialized arbitration services it provides.
