In general, the law resembles to the UNCITRAL Model Law. Below given are the unique provisions that stand out, affirming a pro arbitration regime.
๐๐๐๐ ๐๐๐๐๐ก ๐๐๐ ๐กโ๐ ๐ด๐๐๐๐ก๐๐๐ก๐๐๐ ๐ด๐ค๐๐๐:
Article (31) 5. The Arbitral Tribunal shall issue the award ending the dispute within the time limit agreed by the Parties. If such agreement does not exist, the award shall be issued within one month following the conclusion of the proceedings. In all cases, the Arbitral Tribunal may extend the time limit, provided that it does not exceed one month, unless the Parties agree otherwise and consent thereto.
๐ด๐๐๐๐๐๐๐๐ ๐กโ๐ ๐ด๐๐๐๐ก๐๐๐ ๐ด๐ค๐๐๐
๐Article (33) 1. An arbitral award may not be appealed by any method of appeal, except by way of setting aside in accordance with the provisions of this Law, before the Competent Court.
๐Article (33) 4. An application for setting aside is to be filed before the Competent Court within one month from the date on which the Parties have received the award, from the date on which the party making that application is notified of the arbitral award, or from the date of issuing the correction, interpretation or the additional award stated in Article (32) of this Law, unless the Parties agree in writing to extend the time limit for the filing of the application to set aside.
๐ด๐๐๐๐ก๐๐๐ก๐๐๐ ๐ถ๐๐๐ก๐๐๐ ๐๐๐ ๐ด๐๐๐๐ก๐๐๐ก๐๐๐ ๐ด๐๐๐๐๐ฃ๐๐
๐Article (36) The Minister shall issue a decision to license the establishment of Arbitration Centres and branches of foreign Arbitration Centres in the State, to determine the conditions and rules for granting and cancelling licenses, and to determine the specified fees in this regard.
๐Article (37) A register shall be established at the Ministry to record arbitrators approved by a decision of the Minister. A decision by the Minister shall be issued to determine the conditions and rules for registering and striking off arbitrators in the aforementioned register, in addition to determining fees specified in this regard.
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