The International Chamber of Commerce (ICC) publishes new rules for arbitration

20/05/21

The International Chamber of Commerce (ICC) has published new rules for arbitration which reflect the modernisation, efficiency, integrity and enforceability.

The new rules apply to all cases registered with the ICC on or after January 1, 2021.

In Article 26 (1) it empowers a tribunal to decide whether a hearing should be conducted in person or remotely by the means of telephone or video conference.

In Article 3 (1) it removes the requirement of paper filing and replaces it with the presumption of electronic transmission. These revisions have been partially influenced after the court has been forced to adapt due to the impact of Covid-19.

It is important to note that all ICC arbitration agreements registered on or after January 1, 2021 will presume a consent to the ICC Expedited Procedure Rules. It will apply to all disputes valued at QAR 11 million (USD 3 million) or less and will allow the capture of more cases than previously. In addition, the mandatory disclosure of third-party organisations holding an economic interest in a tribunals outcome is another important update to the ICC rules

The Qatar International Centre for Conciliation & Arbitration (QICCA) recently noted that companies in dispute in Qatar and Saudi Arabia will benefit from similar policies in the two countries.

In addition, mediation in the Kingdom of Saudi Arabia and the State of Qatar is expected to make significant improvements. This is due to the Kingdom’s recently enacted Commercial Courts Law (Royal Decree No M/93 April 15, 2020) and the expected Qatari law establishing the new investment and trade court and associated mediation law.

Please click on the link and reach out to learn more about the developments in legal environment in the State of Qatar as well as Business Start Up Qatar.

Other News

BSUQ News 111 - Thumb

LNG expansion will positively affect Qatar’s economic growth

Qatar’s plans to expand the Liquefied Natural Gas (LNG) capabilities and capacities promise a major boost to the growth of the national economy. The expansion results in a projected surplus between 2021...

Read more
BSUQ News 110 - Thumb

Qatar’s economic performance improved in first quarter

Qatar’s budget for the first quarter of this year was exceeded by QAR 200 million (USD 54.8 million). The surplus is partly related to the most recent increase in the oil prices, the level of budgetary...

Read more
BSUQ News 109 - Thumb

Investments in digital sector at all-time high in Qatar

Qatar has witnessed a lot of investment in the digital sector in line with the digital transformation of the country and the establishment of a knowledge-based economy as set out in the [Qatar National...

Read more
BSUQ News 108 - Thumb - Old

Qatar prepares for additional reforms to attract more FDI

With the world’s economy coming to a near standstill in 2020, economists from around the world have shared various analyses into how national economies will perform after this impasse related to the...

Read more
BSUQ News 107 - Thumb - Old

Qatar stakeholders continue to support SMBs and SMEs

The collaboration and cooperation of the public sector and the private sector will strengthen the position of the State of Qatar as a hub for business, trade and investment in the Middle East.

The...

Read more
BSUQ News 106 - Thumb - New

Qatar issues new travel and return policy

Qatar`s Ministry of Public Health has announced a new travel and return policy that waives hotel quarantine requirements...

Read more
BSUQ News 105 - Thumb - New

Qatar expands trade and investment relations with Russia

Qatar and Russia celebrated the St. Petersburg International Economic Forum (SPIEF 2021) in Russia in June, where the State of Qatar was represented as a “guest country”.

SPIEF...

Read more
BSUQ News 104 - Thumb

M7 and QSTP partner to target Qatar’s fashion and design sectors

M7 and Qatar Science & Technology Park (QSTP) have announced a partnership to strengthen Qatar`s entrepreneurship ecosystem.

The agreement provides for M7, an affiliate...

Read more

Page Break