Al Tamimi & Company, the region’s largest law firm, brought together experts from across the field of arbitration to discuss the legal framework around arbitration, with a particular focus on Bahrain, the challenges and opportunities associated with this growing practice area, as well as the enforcement of arbitral awards in the region.
At a session organised in Bahrain, Al Tamimi’s arbitration specialists discussed various clauses and forms of arbitration, as well as enforceability issues across the region, and the different arbitration institutions in Kingdom. The firm has an established arbitration practice which has provided representation at the highest level across various industries in the region.
Earlier this year, the Bahraini Government passed a new law on arbitration (Law No. 9/2015) which stipulates that Bahrain will now follow international arbitration standards, and allows foreign companies to have foreign legal representation in arbitration proceedings conducted in Bahrain.
This is the latest in a series of positive indicators that show the growth in the popularity of arbitration as a means of resolving commercial disputes in the GCC, and reflects a growing positive trend throughout the wider region.
Commenting, Foutoun Hajjar, Head of Al Tamimi & Company’s Bahrain Office, said: “The popularity of arbitration in the Middle East continues to grow, bringing with it significant opportunities. With over 25 years of experience in dispute resolution in the UAE and the wider region, Al Tamimi is well placed to advise around these topics. The seminar provided a great opportunity for us to meet new and exciting industry players, and share our insights and expertise around this important field.”