Arbitration has become of great importance.
Undoubtedly arbitration has become of great importance in attracting investments and achieving growth and stability in the national economy of any country, however arbitration is old in the upbringing and enjoys great interest due to advantage of its freedom to choose the arbitrators and the ease of procedures , confidentiality and keeping affection between the parties , specialization and speed in resolving disputes as well which prevents the accumulation of systemic cases before the courts so diluting by the burden and thus serving the interests of the state.
The Arbitrator finds Justice.
It was common to both the ancient Greeks and Romans where (Aristo) said about arbitration that the disputing parties can prefer arbitration to eliminate because the arbitrator finds justice, while the judge not observe only legislation), as defined by the Arabs the ignorance, and if there was a dispute among individuals or between tribes resorted to arbitration, moreover, arbitration is mentioned in the noble Quran for reforming the marital relationship.
Messenger of Allah, first came out, to rule on the matter.
Thus, the prophet (bless be upon him) had spared his people’s bloodshed in the their ignorance through arbitration when they wanted to raise the black stone and quarrel it even it came close to fighting said: govern us the first man to come out of this road so was the Messenger of Allah, first came out, to rule on the matter.
AAS Contributes in Supporting Economic Development.
In addition, The Arab arbitration Society contributes in supporting economic development in the Arab countries and enhances the performance of the investment environment, as Arab government’s characteristic keen on a permanent basis to support effective laws and regulations accompanying the economic developments taking place in countries at all domains and levels.
Arab Arbitration Society indicate the predicts boom era of the arbitration in the Middle East countries.
The Arab Arbitration Society made considerable progress and excellence in various fields, including the harness and ensure legal process to create an appropriate environment for the economic achievements for any party to contact us individuality, institutionally or governments of countries, to add, General Secretariat studies and the activities and programs of the Arab arbitration society indicate the predicts boom era of the arbitration in the Middle East countries. The issuance of dependent laws is merely a hope awaited by all the experts and legal advisers in the renaissance taking place in countries at all levels, amongst the introduction of legislation to serve the objectives of this development, as is the condition of the era law and which competes with global systems followed in line with the international standards.
There is a clear trend internationally , regionally and locally adore in promoting arbitration mechanism.
Also no secret to tell , that there is a clear trend internationally , regionally and locally adore in promoting arbitration mechanism as a private mean to resolve certain types of disputes ,since especially some of the disputes submitted to arbitration in general and to international arbitration in particular mention reached a point of complication ( for example, issues of maritime transport, and compensation in insurance, and investment operations of modern construction projects and property management, referral , and bank financing compound, and the construction of power stations and water desalination , and various transactions in the stock market , etc. ... ) so that necessitated the need for specialization. Here the Arbitration adds quality flavor, thanks to the rehabilitation of the arbitrators and experts in the complicated fields , thus the arbitration will be most appropriate and the best formula to resolve such conflicts.
Arbitration on its importance and privacy remains relevantly linked to the authority of the formal justice.
With the international trade role continuous growing and the wide range of disputes and their complication, the limited scope of free arbitration to be invoked for the bodies and arbitration centers permanently available to the opponents of many safeguards of its technical equipment and human potential able to follow the file arbitration in each level and ramification. arbitration on its importance and privacy remains relevantly linked to the authority of the formal justice regarding supervision judgments and arbitral decisions as well as functions relating to the support of arbitral authority to achieve its objectives , The arbitration doesn’t stand alone eliminate the judiciary because the arbitral process needs the judiciary intervene to assist the arbitration either on the arbitration conduct deviating from the mandate of the arbitrators, or on the execution after the issuance of the arbitration award .
The Arab arbitration Society with all its potentials scientific legal and professional is just a point of farce to serve the Arab nation in all middle east countries .
Finally , we must point out that the Arab Arbitration Society with all its potentials scientific legal and professional is just a point of farce to serve the Arab nation in all middle east countries , and the main task is to serve the economic sectors in the Arab countries at all levels of institutional and individual in the field of arbitration and synonymous services, and here, the society put on top of priority attribution of the private and public sector institutions in the Arab countries when assigned the arbitration mechanism mainly institutional free arbitration and in other cases