Qatari law has been ranked sixth in the world among “the most applicable laws” before the ICC International Court of Arbitration out of 124 laws, according to an official of the Qatar International Centre for Conciliation and Arbitration (Qicca).
This was announced yesterday in a webinar by Qicca board member for International Relations Sheikh Dr Thani bin Ali al-Thani, who is the State of Qatar’s representative to the ICC International Court of Arbitration.
During the webinar, Sheikh Thani said 33 Qatari companies have filed arbitration proceedings before the ICC International Court of Arbitration last year, including 13 companies as claimants and 20 respondents. He also noted that Doha was selected as a place of arbitration from 12 of the cases.
Sheikh Thani also elaborated on a statistical report of the ICC International Court of Arbitration, saying that this provides an overview of the cases administered by the court including parties, arbitral tribunals, numbers, and nationalities of arbitrators appointed and confirmed, applicable law chosen by the parties, subject and size of disputes, and places selected as seats of ICC arbitrations.
Citing the report, Sheikh Thani said Qatari law was chosen by disputing parties “many times,” and reiterated that Qatari law came in sixth place worldwide among 124 applicable laws. In 2019, English law ranked first as the most selected applicable substantive law, followed by the laws of Switzerland, the US (New York), and France.
The laws of Brazil, Qatar, and Spain ranked fifth, sixth, and seventh, respectively. This reflected foreign investor’s trust in Qatari law as a means of dispute settlement between disputing parties, Sheikh Thani emphasised.
Sheikh Thani said the ICC Court’s secretariat registered a total of 869 new cases in 2019, noting that the US ranked first with 196 cases, followed by India, Brazil, France, and China. Approximately 30% of parties in ICC arbitration came from Asia and the Pacific, including GCC states, he also said, adding that the average value of cases filed with ICC Court amounted to $30mn, which doubled in many large-scale cases.
“In 2019, the ICC Court’s secretariat registered 35 new requests filed under mediation rules. Cases involved 97 parties from 34 countries, including two Qatari companies. Disputes were generated from a wide range of business sectors such as construction, energy, and telecommunication. A total of 16 requests related to the appointment of experts were filed with the ICC in 2019, including Qatari and GCC companies,” Sheikh Thani said.
During the webinar, Sheikh Thani said 33 Qatari companies have filed arbitration proceedings before the ICC International Court of Arbitration last year, including 13 companies as claimants and 20 respondents. He also noted that Doha was selected as a place of arbitration from 12 of the cases.
Sheikh Thani also elaborated on a statistical report of the ICC International Court of Arbitration, saying that this provides an overview of the cases administered by the court including parties, arbitral tribunals, numbers, and nationalities of arbitrators appointed and confirmed, applicable law chosen by the parties, subject and size of disputes, and places selected as seats of ICC arbitrations.
Citing the report, Sheikh Thani said Qatari law was chosen by disputing parties “many times,” and reiterated that Qatari law came in sixth place worldwide among 124 applicable laws. In 2019, English law ranked first as the most selected applicable substantive law, followed by the laws of Switzerland, the US (New York), and France.
The laws of Brazil, Qatar, and Spain ranked fifth, sixth, and seventh, respectively. This reflected foreign investor’s trust in Qatari law as a means of dispute settlement between disputing parties, Sheikh Thani emphasised.
Sheikh Thani said the ICC Court’s secretariat registered a total of 869 new cases in 2019, noting that the US ranked first with 196 cases, followed by India, Brazil, France, and China. Approximately 30% of parties in ICC arbitration came from Asia and the Pacific, including GCC states, he also said, adding that the average value of cases filed with ICC Court amounted to $30mn, which doubled in many large-scale cases.
“In 2019, the ICC Court’s secretariat registered 35 new requests filed under mediation rules. Cases involved 97 parties from 34 countries, including two Qatari companies. Disputes were generated from a wide range of business sectors such as construction, energy, and telecommunication. A total of 16 requests related to the appointment of experts were filed with the ICC in 2019, including Qatari and GCC companies,” Sheikh Thani said.