Council approves Arbitration Law draft
The Council of Ministers approved a draft decree-law to enact the Arbitration Law, which is considered an important step to enhance Kuwait's business environment by providing an independent and comprehensive arbitration system. The new law aims to expedite and resolve disputes in a flexible and effective manner, while maintaining the privacy of Kuwait's legal system and respecting the state's sovereignty. It is based on best international practices, with designated timelines and mechanisms to ensure justice. The law includes flexible arbitration rules that aim to protect public funds and accelerate the resolution of disputes, particularly those related to contracts with government entities. It also limits the responsibilities of arbitrators and avenues for appeals to improve the efficiency of the arbitration system in the country.
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