Mediation and arbitration in the resolution of banking and commercial disputes, and what the Department of Legal Affairs to verify and comply.

by **claud39** on Sat Sep 07, 2019 6:55 am

Mediation and arbitration in the resolution of banking and commercial disputes, and what the Department of Legal Affairs to verify and comply.
17-18 September 2019 Headquarters of the League of Arab States - Cairo

Introduction: The

Union of Arab Banks has seen the losses incurred by banks either due to the slow issuance of judicial decisions in some countries, or because of the turbulent situation of these countries reflected negatively on the functioning of banking Conflicts remain pending before the judiciary for long periods of time, in addition to the negative repercussions of corruption in some Arab regions.

Accordingly, we are pleased to inform you of the activation of the "Mediation and Arbitration Center" at the Union of Arab Banks to be a reliable and specialized center in providing alternative means for resolving banking disputes. The Center's system has noted the possibility of using arbitrators outside the approved list to arbitrate among the parties provided that the approval of the Supreme Council of Arbitration is obtained. Cost and cost-conscious prices.

The center relies on confidentiality in everything that goes on during its arbitration hearings. The guarantee is that its Supreme Council, which enjoys complete neutrality towards banks, financial institutions or individuals, gives the center more credibility. The procedures of mediation and arbitration before the Center have been very simplified in order to enable all banks, financial institutions or individuals to resort to it and to benefit from its services in a smooth and without any complications.

Background Conference

In this context, held Union of Arab Banks conference aims to highlight the importance of the mediation center and the arbitration of the Union of Arab Banks in the resolution of the banking and commercial disputes in the Arab world, and the conference will hold in- depth discussion sessions will be conducted by a group of senior legal bankers and well - known Arab and international level, It also met with experts in mediation and arbitration from regional and international bodies.

Participants in this conference will be able to review all arbitration laws in the Arab countries, and make comparisons between them, especially with regard to the appointment of arbitrators, the implementation of arbitration decisions, and appeal, and how to develop the rules of arbitrators and their selection among the criteria adopted by the Center for Mediation and Arbitration of the Union, namely integrity Trust, neutrality and experience.

This conference is a first step towards activating this center, which is considered a key course in building a modern and modern banking justice, which will save the banking sector in the savings of money and time and provide secrecy to the conflicting parties in the trials.

The conference also aims at enhancing the legal dialogue of Arab banks and opening channels to discuss Arab and international banking legislation. It shows the impact of these legislations, especially international ones, on Arab and local banking activities. In addition to the presentation of a comparison of the Arab banking situation to discuss and monitor the intersection and difference between the Arab banking regulations and legislation.

Conference themes:

the role of arbitration in resolving banking and trade disputes ,
interim procedures and precautionary in the field of banking arbitration

How the banks deal with international banking legislation
- Implementing international laws imposed on the global banking system: GDPR, FATCA, CRS
Recent international and regional compliance standards and legal compliance framework
requirements - New requirements for compliance management in accordance with international and regional standards
- Functional Application of Bank Compliance
- International Standards, FATF Requirements and Security Council Resolutions Relating to AML / CFT
- Sanctions and Fines for Non-Compliant Banks and How to Deal Penalties & Sanctions

Targeted participants:

Heads and managers of Arab banks.
Directors of Legal Affairs in Arab Banks
Regulatory bodies from central banks and other
concerned ministerial sectors concerned
Arab arbitration centers
Financial and insurance companies
Judicial and legal bodies, lawyers and notaries, legal advisory bodies, arbitration experts and investment disputes, governmental and private administrative institutions, directors and heads of disputes sections
Media and institutions: written, visual, Electronic
Compliance Managers and their key assistants at banks and financial institutions.
Managers and their key assistants in the financial control department of banks and financial institutions
Managers and their main assistants in the Arab supervisory and supervisory bodies.
Lawyers, judges and jurists

http://www.uabonline.org/en/events/conferences/15751604160815871575159115771608157516041578158116/67136/0