“Banks” are keen to enhance coordination with “Dispute Settlement”

The CEO of the Bahrain Association of Banks and member of the Board of Trustees of the Dispute Resolution Center at the Bahrain Chamber of Commerce and Industry, Waheed Al-Qassim, affirmed the Association’s keenness to develop cooperation and coordination with this qualitative center in a way that contributes to the development of an advanced legal commercial environment that ensures the rapid and specialized settlement of commercial disputes between members of the Chamber and between them and others. In order to ensure speedy adjudication by a body of professional mediators specialized in the legal and commercial fields. This came in an introductory meeting organized by the Dispute Settlement Center and the Bahrain Association of Banks, in the presence of representatives of the Dispute Settlement Center and Bahraini financial and banking institutions, in the Council Hall in the Chamber’s building, where representatives of the financial and banking institutions listened to an explanation of the Center, presented by the Chairman of the Dispute Supervision Authority. Commercial: Youssef Zainal, and member of the Authority, Amal Al-Abbasi. The participants in the meeting learned about the work developments in the center, which now includes 21 registered mediators who hold professional certificates in mediation in various specializations, including finance, insurance, taxes, law, food, health, industrial, tourism, real estate, transportation, logistics services, technology, digital economy, education, training, etc., and the door is still open. Open to more brokers. They also listened to an explanation of the mediation procedures through the center, which include submitting the application through the Bahrain Chamber website, followed by the approval of the application by the Supervisory Authority after fulfilling the mediation requirements, then appointing the mediator, starting the mediation, and then ending the mediation with the disputing parties agreeing to settle the disputes.