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Al-Mirsal Insights and commentary on legal developments in the Middle East

Category Archives: Arbitration

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LIBOR No More – The Wheatley Review and LIBOR Changes

Posted in Arbitration, Banking and Finance, Litigation and Arbitration, Regulatory

The second half of 2012 saw a number of major financial institutions censured for the alleged manipulation of submissions made to the British Bankers’ Association (BBA) for the compilation of BBA LIBOR. In addition to direct enforcement action against those alleged to have participated in such manipulation, regulators have also taken significant steps to reform… Continue Reading

New Rules Issued by Qatar International Center for Arbitration

Posted in Arbitration

The Qatar International Center for Arbitration (the “QICA”) has published its rules of arbitration (the “Arbitration Rules”).  The New Arbitration Rules provide a new administrative structure for the QICA, established in 2006 by an Emiri Decree (number 5/8) as part of the Qatar Chamber of Commerce and Industry. The QICA is an optional forum for… Continue Reading