About the Commercial Disputes Settlement Centre
The “Commercial Dispute Settlement Centre” is a centre for settling and conciliating commercial disputes that arise between members of the Chamber or between its members and third parties.
The centre consists of
The Board of Trustees consists of seven members whose names are issued by a decision of the Chamber’s Board of Directors. The decision names the Chairman of the Board, provided that the members of the Board of Trustees are appointed with expertise and experience and are known for their independence and impartiality. The term of membership of the Board of Trustees is three years, renewable by a decision. from the head of the chamber.
The General Secretariat consists of CEO and all the staff of the Chamber's Legal Affairs Department.
The work of the Board of Trustees and the Supervisory Board for the Settlement of Commercial Disputes is voluntary and they do not receive any remuneration for it, with the exception of the allowance for attending their meetings, and a decision is issued by the President of the Chamber.
The Board of Trustees shall meet at least three times annually, or whenever necessary upon an invitation from the Chairman of the Board or his Deputy in his absence, provided that the invitation is accompanied by an agenda for the meeting.
The Commercial Disputes Settlement Supervisory Board shall meet at least three times annually, or whenever necessary upon an invitation from the Chairman of the Board, provided that the invitation is accompanied by an agenda for the meeting.
Terms of reference of the Commercial Dispute Settlement Centre The centre undertakes the following tasks:
- Establishing the Centre’s general policy, approving its key plans, supervising their implementation, and monitoring and evaluating the Centre’s performance.
- Approving the rules for the registration of mediators and the requirements that must be met by mediators at the Centre.
- Approving the list of mediators at the Centre.
- Approving and signing mediators’ certificates by the Chairman of the Board of Trustees or his/her delegate.
- Developing the Centre’s Mediation Rules and any other rules relating to settlement procedures through alternative dispute resolution methods, and submitting them to the Board of Directors for approval.
- Cooperating and exchanging expertise with mediation centers and similar entities, subject to the approval of the Board of Directors.
- Promoting awareness of the importance of amicable settlement of commercial disputes through conferences, seminars, training programs, and specialized publications, subject to the approval of the Board of Directors.
- Submitting recommendations to the President regarding mediators’ fees for approval by the Board of Directors and the competent authorities.
- Submitting recommendations to the President regarding the Centre’s administrative fees for approval by the Council of Ministers.
- Approving standard forms of mediation agreements and other dispute settlement agreements.
- Approving the annual budget and annual report of the Centre and submitting them to the Board of Directors for approval.
- Proposing amendments to this Decision and submitting them to the Board of Directors for approval.
