Commercial arbitration is an effective method for resolving business disputes without resorting to traditional courts. Below is an in-depth look at the topic:
1. Advantages of Commercial Arbitration
• Faster dispute resolution compared to traditional court proceedings.
• Confidentiality that protects the reputation of the involved parties.
• Flexibility in selecting arbitrators with expertise in specific fields.
2. Challenges Facing Commercial Arbitration
• Some parties may refuse to comply with arbitration decisions, making enforcement difficult.
• The high costs of arbitration compared to traditional litigation in some cases.
3. Kuwait’s Role in Supporting Arbitration
• Kuwait has joined international agreements that facilitate recognition of foreign arbitration awards.
• Establishing local arbitration centers to promote arbitration as a dispute resolution tool.
For inquiries about commercial arbitration and its implementation in Kuwait, you can contact Lawyer Mishari Obaid Al-Enezi at 97585500.
