Friday, October 23, 2020

Arbitration tribunal issues verdict in record 57 days

Bahrain Business

Nasser Al Mogahwi

MANAMA: Gulf Co-operation Council Commercial Arbitration Centre (GCCCAC), a Bahrain-based regional organisation, has announced it produced an arbitral award in record time from the day of referral of the case. An arbitral tribunal in the centre produced a final and binding verdict for the parties in 57 days from the date of referring the dispute to the sole arbitrator (which is within the GCCCAC’s list of certified arbitrators) .