Oman Decision No. 44/2023 On the Issuance of the Functioning System of Oman Commercial Arbitration Centre

Copyright © 2024 LexisNexis. All rights reserved.

Abrogating:

Oman Decision No. 37/2019 dated 01/07/2019

By virtue of Oman Sultani Decree No. 26/2018 on the Establishment of Oman Commercial Arbitration Centre;

And the Functioning System of Oman Commercial Arbitration Centre issued by Oman Decision No. 37/2019;

And based on the public interest requirements,

The following has been decided:

Article 1

The provisions of the Functioning System of Oman Commercial Arbitration Centre herewith attached shall apply.

Article 2

The Chairman of the Board of Directors of Oman Commercial Arbitration Centre shall issue - following the approval of the Board - the arbitration rules and other Alternative Means rules, regulations and decisions necessary for the implementation of the provisions of the attached System.

Article 3

Aforementioned Oman Decision No. 37/2019 shall be abrogated, and any provisions deemed contrary to or inconsistent with the provisions of the attached System shall be abrogated.

Article 4

This Decision shall be published in the Official Gazette and shall come into force from the date of its issuance.