15 February 2013

Egypt: IFTAA House Sets Up International Commercial Arbitration Center

Egypt's Iftaa House announced it will set up an international center for commercial arbitration to activate its role in the economic development process and help in settling commercial and administrative disputes.

Outgoing Mufti Dr. Ali Gomaa ordered the establishment of "Iftaa House Center for International Commercial Arbitration" as an independent entity.

In a statement on Thursday 14/02/2013, Dr. Gomaa said the center aims at providing a comprehensive scientific database based on Sharia (Islamic law) to help in settling commercial disputes.

The center will issue bulletins and periodicals on its activities, Gomaa said, adding it will also draw up a comprehensive list of Egyptian and foreign experts and arbitrators accredited by the center.

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