Plans afoot to set up arbitration centre in Oman.
"We are working to open an international arbitration centre in Oman with a view to settle disputes amicably within a given time-frame and without going through the existing laborious and time-consuming court litigations," said Adel Abdel Aziz Al Senn, senior consultant on law and arbitration at the Cairo-based Arab Administrative Development organisation.
Addressing a forum on Arbitration Art and Skills, Standards and Conditions of Arbitration Centres,' he noted that Oman should strive for the creation of an efficient arbitration system that would ensure a speedy resolution of commercial disputes.
Echoing a similar view, Khalil bin Abdullah Al Khonji, chairman of Oman Chamber of Commerce and Industry, said guidelines have already been formulated for setting up the Muscat arbitration centre and the new OCCI board will finally approve it.
The forum, organised by the Arab Administrative Development Organisation (ARADO), a leading non-profit organisation affiliated to the League of Arab States in association with the OCCI, is aimed at disseminating the arbitration culture in the business community in general and between those practicing or doing research work of judges, advocacy, legal and engineering consultancy, as well as experts and directors of legal departments in public and private institutions, besides students as they represent the future of arbitration.
He added that experts will explain through the three-day workshop the principles of arbitration, how an arbitrator treats a case, how to write arbitration clauses, concept of conciliation and mediation through amicable settlement.
The Egyptian expert pointed out that the idea of use of arbitral institutions for arbitration has already gained a strong footing at international level and need to be explored in Oman.
Stressing that arbitration is very important as disputes can be settled in short time, he said that 'arbitration law in Oman is good but there needs more reforms and we will recommend some changes to be make it more effective and updated to solve all issues within the international context as Oman is gettimg more and more foreign investments.
He also said that the Oman arbitration law needs to be in consonance with international laws.
Among the experts who will be presenting lectures include Dr Ahmed Salama, professor at the Cairo Regional Centre for International Commercial Arbitration; Dr Ahmed and Hani Assalami from Oman.
The forum was inaugurated by Al Khonji. The forum will discuss a number of subjects related to commercial arbitration that include skills of the arbitration dispute management until the issuance of the arbitrary judgment.
Muscat Press and Publishing House SAOC 2011
Provided by Syndigate.info an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Publication:||Times of Oman (Muscat, Oman)|
|Date:||Dec 26, 2011|
|Previous Article:||Oman chamber releases catalogue on local products.|
|Next Article:||BankMuscat's long-term credit rating raised to 'A-'.|