Al-Samit: Cabinet Approves New Arbitration Law
The Kuwaiti Cabinet has approved a draft decree-law to abolish the Judicial Arbitration Law and to consolidate the various arbitration provisions into a unified legislative framework, based on international principles and global best practices. The new law aims to regulate arbitration processes more clearly and flexibly, with defined timelines for each stage, while strengthening guarantees of neutrality and transparency. This will expedite the resolution of commercial and investment disputes and alleviate the burden on the courts. It also allows for the use of electronic means, marking an important step in enhancing confidence in the legal and economic environment, and supporting Kuwait's position as an attractive financial and commercial hub for investment.
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