The Qatar International Centre for Conciliation and Arbitration (Qicca) has said it issued final and binding judgments in 18 arbitration cases out of 22 it received last year. Board member for International Relations at Qicca, Dr Sheikh Thani bin Ali al-Thani said during a legal seminar organised by Qicca, an affiliate of Qatar Chamber, that these indicators reflect the success of the centre in spreading the culture of arbitration within the business community in Qatar.
He said Qicca last year decided on an arbitration case related to contracts concluded in accordance with the rules of Islamic finance worth QR2.5bn, and challenged it before the Court of Cassation, which upheld the ruling issued by Qicca.
Since its establishment in 2006, Qicca has worked to spread the culture of arbitration among the Qatari business community especially as it offers fast and complete resolution process to disputes between parties, Sheikh Thani said.
Qicca counsellor Dr Minas Khatchadourian presented the proposal on the new rules of the centre regarding the powers of the emergency arbitrator, noting that any party may submit a written request to the centre to appoint an emergency arbitrator to issue measures of an urgent or emergency nature, before the formation and appointment of the arbitral tribunal.
He noted that the emergency arbitration provision decides on an emergency request as soon as possible, and no later than 15 days after the appointment.
Since its establishment in 2006, Qicca has worked to spread the culture of arbitration among the Qatari business community especially as it offers fast and complete resolution process to disputes between parties, Sheikh Thani said.
Qicca counsellor Dr Minas Khatchadourian presented the proposal on the new rules of the centre regarding the powers of the emergency arbitrator, noting that any party may submit a written request to the centre to appoint an emergency arbitrator to issue measures of an urgent or emergency nature, before the formation and appointment of the arbitral tribunal.
He noted that the emergency arbitration provision decides on an emergency request as soon as possible, and no later than 15 days after the appointment.
