Oct 21 2012
BCDR-AAA to sponsor event following attendance at 2012 conference
Delegates from the Bahrain Chamber for Dispute Resolution (BCDR-AAA) attended the annual Association of International Petroleum Negotiators (AIPN) Dispute Resolution in the International Oil Gas Business conference which was held in New Delhi last week.
In November 2013, the AIPN conference will be sponsored by the BCDR-AAA and will be held in Manama where more than 200 leading professionals will gather to discuss the issues affecting the oil and gas industry.
The BCDR-AAA’s CEO James McPherson said that this year’s conference focused on current and emerging issues in oil and gas disputes in the Middle East and Asia and best practices in negotiating and drafting effective dispute resolution clauses in oil and gas agreements.
Ali Al Aradi, Chief Registrar and Assistant CEO for Mediation said: “The BCDR-AAA’s participation in this conference aimed to introduce the Chamber’s alternative solutions to resolving disputes to those companies which have commercial relations with GCC based entities.”
The AIPN is the leading professional organisation of commercial negotiators and energy lawyers in the international petroleum industry. The AIPN develops petroleum model contracts that are widely used throughout the industry, and provides educational seminars and conferences around the world.
The BCDR-AAA is a one-stop-shop for alternative dispute resolution and is a major pillar to Bahrain’s status as a world-class business and investment environment. Since its launch on January 2010, the Chamber has looked in to 66 cases with a value of over US$1.7 billion. The Chamber provides international, regional and domestic commercial and governmental users contracting in the Gulf and beyond, with a purpose-built solution for the rapid, effective and certain resolution of commercial disputes.
About the Bahrain Chamber for Dispute Resolution (BCDR-AAA)
Providing the very latest in global ADR solutions with high-tech, custom-designed facilities, the Bahrain Chamber for Dispute Resolution (BCDR-AAA) was launched in partnership with the American Arbitration Association (AAA), the world’s leading provider of conflict management and dispute resolution services. Under the chairmanship of Sheikha Haya bint Rashed Al Khalifa, one of the most eminent lawyers and arbitrators in Bahrain and former President of the United Nations General Assembly, the Kingdom of Bahrain is the first country in the world to establish a “Free Arbitration Zone” and to introduce the concept of Statutory ADR Tribunals.
Since the introduction of Bahraini Decree No. 30 of 2009 the Chamber has been providing: (A) the very latest in global ADR solutions with world class case management for effective mediation and arbitration (including the unique “Free Arbitration Zone” which assists parties by offering a mechanism to avoid local courts when holding arbitration proceedings in Bahrain) and Statutory ADR Tribunals, for any claim exceeding BD500,000 (approximately US$1.3m) which would have come within the jurisdiction of the courts of Bahrain, and involves either an international commercial dispute or a party licensed by the Central Bank of Bahrain.
For further information please visit the BCDR-AAA website: www.bcdr-aaa.org
Contact Details:
Mahmood Ali, Bell Pottinger Middle East:
+973 33 44 1614
mali@bell-pottinger.co.uk
© Press Release 2012