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www.110.com 2010-07-21 16:36

Arbitration Rules of the Cairo Regional Centre for International Commercial Arbitration

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The Cairo Centre applies the Arbitration Rules of the United Nations Commission on International Trade Law, approved by the General Assembly of the United Nations by resolution No. 31/98 on December 15, 1976. The Cairo Centre adopted these Rules with minor amendments to suit the institutional arbitration and to satisfy the needs of disputants. These amendments were made in 1998 and 2000. They became effective as of January 1st, 1998 and October 1st, 2000, respectively.

In fact, after putting arbitration and other Alternative Dispute Resolution (ADR) techniques in actual practice in the years following the Centres inception, the need pressed for improving the Rules of the Centre. This need arose in view of the new developments of improving the laws of different states. Moreover, the world wide acceptance of arbitration as a popular and normal means getting more momentum in settling international commercial disputes and the rapid globalization of the world economy were important elements that pressed for adaptation of the Rules to the changing economic relations. Also, the removal of many old and traditional barriers that were set up by national systems in international trade resulted in the substantial increase and complexity of commercial disputes that required new amendments in the institutional rules.

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