Commercial Arbitration Remains Resilient During Pandemic, say Legal Experts
The Qatar International Center for Conciliation and Arbitration (QICCA) at Qatar Chamber organised a webinar on ‘Features of Arbitration in the Arab World’ on the third day of its Legal Week, ongoing until this Thursday, 1 April.
The webinar touched on the challenges facing remote arbitration during the COVID-19 pandemic, the arbitration agreement and the proceedings of arbitration institutions, as well as the international judiciary during the crisis and Arab arbitration and foreign investment.
QICCA Assistant Secretary-General Ibrahim Shahbeek moderated the webinar.
Addressing the webinar, QICCA Board Member for International Relations, Sheikh Dr Thani bin Ali Al Thani said that on the heels of COVID-19, some international arbitration centres and law firms have issued regulations and guidelines for remote arbitration using modern technologies and communication platforms.
QICCA has also depended on modern technologies, especially after the pandemic went full scale. Since March 2020, the centre has received a number of electronic arbitration requests and had, in fact, issued 20 arbitration awards.
Commercial Law Professor at Saba University, Dr Abdel Basset Abdel Wasea reviewed COVID-19 and the arbitration agreement, noting that despite the negative impact of COVID-19 on arbitration, ironically, it has a positive impact on the arbitration system.
He noted that the crisis proved that arbitration could adapt to circumstances and challenges, which had resulted in an increasing number of cases referred to arbitration centres.
Another professor from Saba University, Dr Yousef Al Sulaili talked about Arabic arbitration and foreign investment. He said that Arab countries always strive to improve their legislative environments and find systems that contribute to attracting foreign investments.
He said that Arab countries are keen to introduce arbitration as a mechanism for settling commercial disputes and have issued laws in this regard.
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