16 Oct 2017
Arbitration in the Middle East amidst International and Political Conflicts
Despite the relatively unstable situation of the Middle East and North Africa (MENA) region, business activities do not cease. Although there is no panacea for the conflicts affecting the MENA region, the established international and national legal frameworks do effectively facilitate the function of resolving commercial disputes as well as protecting investors in times of crisis.
Aiming to raise awareness of the pivotal role of arbitration played in the commercial litigation in the MENA region, Asian Academy of International Law invited Professor Dr Nayla Comair-Obeid, President of the Chartered Institute of Arbitrators, to give a special lecture to shed light on this seminal subject.
Equipped with 38 years of experience in litigation and international arbitration, Prof Comair-Obeid started with an overview of the international and national legal frameworks in the MENA region, moving on to analyse how such frameworks protect business. Basing on the lessons learnt from the current Gulf crisis, she provided a lucid illustration of certain construction and energy related disputes, concluding with the crucial role of amicable means of settling disputes in the context of the MENA region.
Over 80 legal and arbitration practitioners, government officials and academics attended the lecture, approving and appreciating the speaker’s delivery of her keen insights into the very up-to-date situation of the MENA region.