Latest news with #ArbitrationLaw
Times of Oman
08-07-2025
- Business
- Times of Oman
State Council discusses three draft laws
Muscat: The State Council on Tuesday held its eighth session of the second ordinary term of its eighth period, during which it discussed the 'Real Estate Registry Law," the 'Draft Law Amending Certain Provisions of the Arbitration Law in Civil and Commercial Disputes (Royal Decree No. 47/97)," and the 'Civil Society Organisations Law." The session also reviewed the Special Committee's study on "Mechanisms for Diversifying Income Sources in Oman" and examined the General Secretariat's report on the Council's activities. Held under the chairmanship of Sheikh Abdulmalik Abdullah Al Khalili, Chairman of the State Council, the session discussed the Legal Committee's opinion on the Real Estate Registry Law, referred by the Council of Ministers. The draft law focuses on several key aspects, including: Strengthening legal protections for property owners and beneficiaries; Regulating registration procedures and real estate transactions and enabling digital documentation and issuing electronic title deeds linked to relevant government systems, aligning with Oman's national digital transformation strategy. The Council also reviewed the Social and Cultural Committee's opinion on the Civil Society Organisations Law, which includes substantive provisions regulating the work and objectives of civil society institutions. The draft law aims to enhance their role in serving society through associations, NGOs, professional societies, volunteer teams, and expatriate clubs, while addressing challenges under the current legal framework. Additionally, the Council examined the Draft Law Amending Certain Provisions of the Arbitration Law in Civil and Commercial Disputes, assessing its impact on arbitration parties and local/international arbitration centres. The amendments align with modern trends in comparative arbitration laws, reinforcing Oman's position as an attractive hub for commercial dispute resolution. The revisions are expected to boost confidence in arbitration mechanisms, create an investment-friendly legal environment and support Oman's adoption of best practices in justice and litigation, in line with Oman Vision 2040 objectives. The session concluded with discussions on the Special Committee's study on income diversification mechanisms, which identifies challenges to financial sustainability, inefficiencies in revenue streams, and potential solutions to enhance fiscal resilience. The study proposes measures to stabilize public finances in the 11th Five-Year Plan including legislative and governance reforms.
Web Release
26-05-2025
- Business
- Web Release
Closing of the first edition of Beirut Arbitration Days: Professor Najib Hage-Chahine's Ten Recommendations to Cement Beirut as the Regional Capital of Arbitration
Closing of the first edition of Beirut Arbitration Days: Professor Najib Hage-Chahine's Ten Recommendations to Cement Beirut as the Regional Capital of Arbitration In the presence of the President of the Beirut Bar Association, Mr. Fadi Masri, and at the initiative of the event's creator, Professor Najib Hage-Chahine, the first edition of 'Beirut Arbitration Days' concluded on 22 May 2025 after attracting more than 1,000 participants from 40 countries, 60 international speakers and 40 supporting organizations. Prime Minister Judge Nawaf Salam opened the conference, confirming Lebanon's ability 'to regain its regional and international role in arbitration.' Both Minister of Justice Judge Adel Nassar and Minister of Information Dr. Paul Morcos affirmed the government's support for spreading the culture of arbitration, while the President of the Bar Association stressed the Bar's commitment to consolidating this course. The Ten Recommendations of Professor Najib Hage-Chahine In the closing session, Professor Najib Hage-Chahine presented ten practical recommendations: Lawyers: Insert an arbitration clause in contracts and choose Beirut as the seat. Judiciary: Support the independence of arbitrators and accelerate annulment and enforcement proceedings. Legislators: Update the Arbitration Law to align with the New York Convention and international standards. Government: Integrate arbitration into investment-attraction policies and develop specialized digital infrastructure. Arbitrators: Commit to the highest levels of transparency, ethics, and continuous training. Experts: Adopt precise scientific models in the assessment of damages and act as support to arbitral tribunals, not as a party in the dispute. Arbitration centers: Strengthen regional cooperation and embrace technology and diversity. Universities: Integrate arbitration into curricula and provide practical training for students. Students and youth: Engage in moot courts and fellowship programs. Bar Association: Entrench LIAC-BBA as a strategic arm for independent arbitration. The event concluded with Professor Hage-Chahine affirming that 'Beirut has returned as the capital of Arab arbitration' and inviting participants to the next edition, 'Beirut Arbitration Days 2026,' under the slogan Beirut Nutrix Legum.
