Fatwa Department finalizes judicial arbitration draft law

Fatwa Department finalizes judicial arbitration draft law

KUWAIT CITY, March 27: The Fatwa and Legislation Department, under the auspices of the Council of Ministers, has finalized the preparation of the ultimate draft concerning a proposed law on judicial arbitration. Informed sources told Al- Qabas daily that the objective of this new draft law is to enhance the arbitration sector in Kuwait, recognized …

<p>The post Fatwa Department finalizes judicial arbitration draft law first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, March 27: The Fatwa and Legislation Department, under the auspices of the Council of Ministers, has finalized the preparation of the ultimate draft concerning a proposed law on judicial arbitration. Informed sources told Al- Qabas daily that the objective of this new draft law is to enhance the arbitration sector in Kuwait, recognized as a crucial support mechanism for judicial operations. They elucidated that following the conclusion of the electoral process, the government will present the draft law to the upcoming National Assembly for consideration and approval. These sources highlighted that the completed draft law on judicial arbitration, encompassing 35 articles, has been crafted to align with significant advancements in regional judicial arbitration, particularly in the adjudication of commercial and financial contracts between parties, be they individuals