Kuwait to open representative office of GCC Commercial Arbitration Centre - .PDF file.
By Zara Merali, Sharif Hamadeh and Adam Peters
In a move that will enhance its attractiveness for foreign investment, Kuwait recently ratified an agreement with the Gulf Co-operation Council (GCC) Commercial Arbitration Centre to establish a representative office in Kuwait.
The agreement will take effect only once the Kuwait government notifies the centre that it has completed various constitutional procedures and administrative tasks, including allocating the centre with facilities out of which it can operate. While this process may take some time, Kuwait’s ratification of the agreement helps to improve its status as an arbitration-friendly jurisdiction.
International commercial arbitration in Kuwait is still developing. Unlike some of its regional neighbours, such as Bahrain and the United Arab Emirates (particularly in the form of the Dubai International Financial Centre), Kuwait has neither enacted a comprehensive procedural arbitration law nor established adequate English-friendly international arbitration facilities…
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