BCDR hosts a roundtable discussion on “Bahrain – A Seat for International Commercial Arbitration” November 24, 2022 Bahrain Chamber for Dispute Resolution hosts a round table on the topic “Bahrain – Seat for International Commercial Arbitration”<br /> November 24, 2022 Creation time: 03:51 PM Last update: 03:51 PM Views: 73 Manama, Nov. 24 (BNA): The Bahrain Chamber for Dispute Resolution (BCDR) hosted on Wednesday a round table on the topic “Bahrain – Seat for International Commercial Arbitration” in its offices in the Diplomatic Area. It was attended by more than 30 representatives from the public and private sectors, including Vice President of the Supreme Judicial Council and President of the Court of Cassation Sheikh Khalid bin Ali Al Khalifa, and CEO of the Bahrain Chamber for Dispute Resolution, Professor. Nassib Ziadeh, Transactional and Internal Arbitration Attorney, The discussions highlighted Bahrain’s attractiveness as a seat for arbitration. In his opening remarks, Shaikh Khalid bin Ali Al Khalifa gave a brief overview of the steps Bahrain has taken over the past years to bring its legal framework in line with pro-arbitration jurisdictions. Describing steps taken since 2000, he noted that as recently as early 2021 Bahrain committed to a number of “access to justice” initiatives, at the heart of which lies a dispute resolution ecosystem focused on alternative dispute resolution, including arbitration and mediation. Then he highlighted the supportive position of the Bahraini judiciary towards arbitration, and stressed the judiciary’s desire to participate in the conversation about how to promote arbitration in Bahrain and Bahrain as a seat. This was followed by the CEO of the Bahrain Chamber for Dispute Resolution, Nassib Ziadeh, with some general considerations on the importance of the arbitration centre. Professor Ziadeh examined some of the key considerations that go into selecting a specific seat for arbitration. He pointed out that the appropriate seat for arbitration is a seat equipped with a legal framework in favor of arbitration with modern international arbitration law that provides the necessary framework to facilitate the fair resolution of disputes. The professor then introduced an increase in the light of the above considerations, the existing legal framework in Bahrain. He noted that Bahrain is a party to many international instruments that support arbitration, not the least of which is the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which Bahrain ratified in 1988. He also noted that Bahrain passed Law No. 9 of 1958. 2015, adoption of the UNCITRAL Law Model of international commercial arbitration as the law that governs both domestic and international arbitration, granting immunity to arbitrators, their staff and persons authorized by them to carry out some of their duties, with respect to acts or omissions in the performance of their duties (unless they result from bad faith or gross error). Professor Ziadeh concluded his remarks with illustrative examples from recent decisions of Bahraini courts, including the Court of Cassation, and how the position and practice of the Bahraini judiciary has been consistent with current approaches to the interpretation and application of the UNCITRAL Model Law and other arbitration-related international treaties. The attendees then presented their views on Bahrain as a seat for arbitration, and on the most effective ways to promote Bahrain as a seat. M Source link Related READ MORE Bahrain hosts forum on international humanitarian law
November 24, 2022 Creation time: 03:51 PM Last update: 03:51 PM Views: 73 Manama, Nov. 24 (BNA): The Bahrain Chamber for Dispute Resolution (BCDR) hosted on Wednesday a round table on the topic “Bahrain – Seat for International Commercial Arbitration” in its offices in the Diplomatic Area. It was attended by more than 30 representatives from the public and private sectors, including Vice President of the Supreme Judicial Council and President of the Court of Cassation Sheikh Khalid bin Ali Al Khalifa, and CEO of the Bahrain Chamber for Dispute Resolution, Professor. Nassib Ziadeh, Transactional and Internal Arbitration Attorney, The discussions highlighted Bahrain’s attractiveness as a seat for arbitration. In his opening remarks, Shaikh Khalid bin Ali Al Khalifa gave a brief overview of the steps Bahrain has taken over the past years to bring its legal framework in line with pro-arbitration jurisdictions. Describing steps taken since 2000, he noted that as recently as early 2021 Bahrain committed to a number of “access to justice” initiatives, at the heart of which lies a dispute resolution ecosystem focused on alternative dispute resolution, including arbitration and mediation. Then he highlighted the supportive position of the Bahraini judiciary towards arbitration, and stressed the judiciary’s desire to participate in the conversation about how to promote arbitration in Bahrain and Bahrain as a seat. This was followed by the CEO of the Bahrain Chamber for Dispute Resolution, Nassib Ziadeh, with some general considerations on the importance of the arbitration centre. Professor Ziadeh examined some of the key considerations that go into selecting a specific seat for arbitration. He pointed out that the appropriate seat for arbitration is a seat equipped with a legal framework in favor of arbitration with modern international arbitration law that provides the necessary framework to facilitate the fair resolution of disputes. The professor then introduced an increase in the light of the above considerations, the existing legal framework in Bahrain. He noted that Bahrain is a party to many international instruments that support arbitration, not the least of which is the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, which Bahrain ratified in 1988. He also noted that Bahrain passed Law No. 9 of 1958. 2015, adoption of the UNCITRAL Law Model of international commercial arbitration as the law that governs both domestic and international arbitration, granting immunity to arbitrators, their staff and persons authorized by them to carry out some of their duties, with respect to acts or omissions in the performance of their duties (unless they result from bad faith or gross error). Professor Ziadeh concluded his remarks with illustrative examples from recent decisions of Bahraini courts, including the Court of Cassation, and how the position and practice of the Bahraini judiciary has been consistent with current approaches to the interpretation and application of the UNCITRAL Model Law and other arbitration-related international treaties. The attendees then presented their views on Bahrain as a seat for arbitration, and on the most effective ways to promote Bahrain as a seat. M
