The Lebanese Arbitration and Mediation Center (the “LAMC”) of the Beirut and Mount Lebanon Chamber of Commerce, Industry and Agriculture is an arbitral institution located in Beirut, Lebanon, “that provides administration and monitoring services for arbitration and mediation proceedings in Lebanon. It caters [to] the local and international business communities, private and public institutions and […]
Arbitration in Lebanon: Enforcing Arbitration Awards
This note focuses upon the final stage of arbitration proceedings, which involves the recognition and enforcement of an arbitration award, either domestic, international or foreign, in Lebanon. Arbitration in Lebanon is regulated by the Lebanese Arbitration Law, which has been codified into the Lebanese Code of Civil Procedure (“CCP”) through the enactment of Legislative Decree […]
Arbitration Under the OIC Investment Agreement
Many investors are unaware of the existence of the Agreement for the Promotion, Protection and Guarantee of Investments among the Member States of the Organisation of the Islamic Conference (the “OIC Investment Agreement”) and its provisions regarding dispute settlement. The Organization of the Islamic Conference (the “OIC”; Arabic: منظمة التعاون الإسلامي; French: Organisation de la […]
Arbitration in Lebanon
Arbitration in Lebanon Historical Background Of Arbitration In Lebanon Arbitration in Lebanon is common, and Lebanon is considered to be one of the friendliest countries for arbitration in the Middle East. The Lebanese legislation on arbitration is modern, meaning that it recognizes all well-established principles in international arbitration. In many respects, it is similar to the […]
Can Russian Investors Initiate Arbitration Against Cyprus to Recover their Losses?
Many Russian depositors are facing losses of up to 40 percent in Cyprus, and are currently considering their legal options. Should one of these options be initiating an investment treaty arbitration against Cyprus for expropriation on the basis of the 1997 Russian Federation-Cyprus bilateral investment treaty, which is included here: IAA-Bilateral-Investment-Treaty-Between-Russia-and-Cyprus. Such a claim could most […]