The GCC Commercial Arbitration Centre Agreement
Type
Legislative Insight
Date
8 Sep 2022
Jurisdiction
Bahrain, United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar
Taxonomy
Arbitration, International Institutions & Organisations, International Arbitration
Legal reference
GCC Commercial Arbitration Centre Agreement
Established in March 1995 by GCC leaders, one of the main objectives of the GCC Commercial Arbitration Centre (GCCCA) is to fill a gap in the region by providing expeditious and effective arbitration services.The GCCCA was established to administer commercial cases, including cases in the region related to banks, financial institutions, insurance, reinsurance, constructions, engineering, various contracting, intellectual property covering commercial and industrial, copyrights, and all types of international commercial contracts. The conduction of arbitration proceedings under the auspices of the GCCCA is subject to two set rules; the Charter of the Centre (Charter Rules) and the Arbitral Rules of Procedure (Procedural Rules) which should be read and interpreted as complementary to one another. These two rules together will be referred to as the Rules.In March 1995, it was officially announced that the GCCCA had become fully functioned and ready to fulfil its duties. This commentary aims to give a general overview of the major provisions underpinning the conduct of arbitration proceedings in accordance with the GCCCA Rules.