(MENAFN- The Peninsula) The Peninsula
Doha: Qatar International Center for Conciliation and Arbitration (QICCA) Board Member for International Relations Sheikh Dr. Thani bin Ali Al Thani (pictured) has participated in a webinar titled 'Impact of Corona Crisis on International Arbitration.
The webinar, which was held by 'Law Ambassadors Initiative, discussed ways of conducting arbitral proceedings through modern technologies amid the crisis of Covid-19.
Addressing the seminar, Sheikh Thani said that there are a significant increase in settling disputes online due to the repercussions of the global pandemic, noting that the electronic arbitration has become one of the alternative means of solving commercial disputes.
He noted that this type of arbitration is conducted in accordance with the principles of the Seoul Protocol, which is characterized by a set of procedures that cope with the modern time.
Elaborating the advantages of e-arbitration, Sheikh Thani said that it is characterized by rapid dispute resolution, low expenses and visits, efficiency and variety of arbitrators, as well as overcoming the problem of jurisdiction and conflict of laws, and establishing the principle of transcending time and place in law.
Sheikh Thani also said that e-arbitration has many disadvantages such as being not accepted by those who don't know how to deal with technology, lack of confidentiality and inadequacy of domestic and international legislation for electronic arbitration, as well as some procedural and substantive obstacles.
He stressed the importance of reinforcing laws to deal with electronic arbitration, because of the absence of organized national legislative texts.
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