Qatar International Centre for Conciliation and Arbitration (Qicca) board member for International Relations Sheikh Dr Thani bin Ali al-Thani has participated in the 78th board of directors' meeting of the GCC Commercial Arbitration Centre held recently via video conferencing.
During the meeting, the minutes of the previous meeting were approved, and the centre's business report and activities and the operational budget from January 1 to October 31, 2020 were reviewed.
The meeting also discussed the centre’s activities related to the registration of arbitration claims, arbitrators, and experts, as well as programmes and training courses.
It also discussed and approved the budget of the estimated and operational expenditures and revenues for 2021 and the 2019 audit report.
The board of directors also was briefed on the proposed amendments to the centre's system. The centre stressed the importance of arbitration and conciliation in the settlement of commercial and investment disputes, and noted that they help in preserving business relations and solving disputes without resorting to normal courts.
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