G.C.C. Commercial Arbitration Centre
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[edit] General Information
- Official name: G.C.C. Commercial Arbitration Centre
- Country: Kingdom of Bahrain
- City: Bahrain
- Type of organization: International Centre
- Date of creation: 1995
- Interests: Arbitration
- Fields of expertise: Commercial
[edit] Description
Established on 19th March 1995 by GCC leaders, one of the main objectives of G.C.C. Commercial Arbitration Centre is fill the vacuum in the region by providing expeditious and effective Arbitration services.
The GCC arbitration center is established to services commercial cases, including cases in the region related to banks, financial institutions, insurance, reinsurance, constructions, engineering, various contracting, intellectual property covering commercial and industrial, copyrights, and all types of international commercial contracts.
[edit] Objectives
The GCC Charter states that the basic objectives are to effect coordination, integration and inter-connection between Member States in all fields, strengthening ties between their peoples, formulating similar regulations in various fields such as economy, finance, trade, customs, tourism, legislation, administration, as well as fostering scientific and technical progress in industry, mining, agriculture, water and animal resources, establishing scientific research centres, setting up joint ventures, and encouraging cooperation of the private sector.
[edit] The Organizational Structure
- The Supreme Council: is the highest authority of the GCC formed of the Heads of Member States. Its presidency rotates according to the Arabic alphabetical order of the names of Member States. It convenes one regular session every year. However, extraordinary sessions may be convened at the request of any Member State seconded by another. In 1998, during the 19th summit held in Abu Dhabi, the Supreme Council decided to hold a consultative meeting in between two summits every year. Meetings of the Supreme Council are considered valid if attended by two-thirds of the Member States, at which each has one vote. Resolutions on substantive matters are issued by unanimous approval of the members present, while a majority is enough to approve those of procedural nature.
- The Consultative Commission: Formed of thirty GCC citizens (five from each Member States) chosen according to their experience and qualification for a period of three years. The Consultative Commission is charged with studying matters referred to it by the Supreme Council.
- Commission for the Settlement of Disputes: Formed by the Supreme Council for every case on an ad-hoc basis in accordance with the nature of the dispute.
- The Ministerial Council: is composed of the Ministers of Foreign Affairs or other ministers acting on their behalf. Presidency of the Ministerial Council is entrusted with the Member State that presided the last ordinary session of the Supreme Council, or when necessary, with the Member State that is next to preside the Supreme Council. The Ministerial Council convenes every three months, and may hold extraordinary meetings upon the request of one Member State seconded by another.
Among other jurisdictions, the Ministerial Council is authorized to propose policies, lay out recommendations, and encourage and coordinate the already existing activities in all fields. Resolutions adopted by other ministerial committees are referred to the Ministerial Council, which in turn would refer the relevant matters, along with appropriate recommendations, to the Supreme Council for approval.
- The Secretariat-General: is charged, among other functions, with preparing studies related to cooperation, co-ordination, and integrated plans and programmes for joint work. It is also entrusted with the preparation of periodic reports on the work of the GCC, to follow up implementation of the resolutions, and prepare reports and studies when requested by the Supreme Council or the Ministerial Council. The Secretariat also makes preparation for meetings and prepares the agendas and draft resolutions for the Ministerial Council.
[edit] Member States
- United Arab Emirates
- The Kingdom of Bahrain
- The Kingdom Of Saudi Arabia
- The Sultanate of Oman
- Qatar
- Kuwait
[edit] Contact
P.O. Box 16100 Manama, Bahrain
Phone: 17825540
Fax: 17825580
Email: arbit395@batelco.com.bh
