التكنولوجيا وأخبارها بوابة الإمارات لتكنولوجيا المعلومات والإتصالات
The GCC Commercial Arbitration Centre (CCC) actively participated in Dubai
Arbitration Week 2023, hosted by Dubai International Arbitration Centre from
November 13 to 17. The event brought together global arbitration centers and
esteemed professionals specializing in commercial dispute resolution.
The Center was represented by Mr. Saleh Al-Sharqi, Vice Chairman of the Board of
Directors, Mr. Yusuf Zainal, Board Member, and Dr. Kamal Abdullah Al-
Hamad, the Secretary General of the Center.
Dr. Kamal Abdullah Al-Hamad emphasized the Center’s commitment to
engaging in such events due to their significance in broadening its network of
relationships, establishing strategic partnerships with counterparts from
diverse countries, and solidifying its standing as a reliable global hub for
dispute resolution. He acknowledged the Dubai World Trade Centre’s efforts in
organizing events and forums, which serve as an international platform
contributing to the empowerment of the dispute settlement industry.
Dr. Kamal highlighted the Center’s role in supporting and advancing mechanisms
for resolving disputes in the realm of international arbitration and underscored
the GCC Commercial Arbitration Center’s crucial role in facilitating business
operations in the Gulf region. Furthermore, He emphasized the Center’s
contribution to the investment environment through innovative solutions
for settling commercial disputes and pointed out the Center’s vital role in
developing and fortifying international arbitration rules, as well as its
involvement in resolving cross-border commercial cases involving companies
and investments based in the Gulf Cooperation Council countries.
“The current economic landscape of the Gulf Cooperation Council countries
underscores the pressing need for novel legal tools and mechanisms that bolster
and contribute to the advancement of the tourism, investment, and banking sectors.
This is in addition to the pivotal role of the Center in translating these aspirations
into tangible efforts and accomplishments, particularly in
activating the financial and banking system.” According to Dr. Kamal.
“The Center contributes significantly to this field by providing exceptional legal
services that facilitate litigation procedures between banking institutions and other entities.
These services are designed to ensure the application and development of modern,
flexible, and effective dispute resolution mechanisms.
Such mechanisms are tailored to align with the consistent growth in trade and investments,
staying in sync with the latest developments in the Gulf legal landscape
and adhering to international judicial best practices.”
Dr. Kamal highlighted that the Center, as the representative of the Gulf
Cooperation Council countries in the arbitration domain,
holds a key role in bolstering the positive reputation of its judicial environment.
This is achieved through initiatives such as enhancing international cooperation,
fostering knowledge exchange with other centers,
expanding the roster of specialized arbitrators,
and active participation in international forums and conferences.
These engagements aim to inform the regional and international arbitration
community about the Gulf region’s advancements in facilitating business,
attracting investments, and elevating professional
standards and practices in commercial arbitration.
Furthermore, he emphasized that these efforts signify the Center’s international
standing in delivering dispute resolution services,
with the goal of becoming the preferred arbitration center in the region by 2030.
This objective aligns with supporting the Gulf region’s reputation as a favorable
environment for commercial arbitration.
