The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.Read the full edition
The Bahrain Chamber for Dispute Resolution (the “BCDR”) has extended its ongoing efforts in enhancing the efficiency of Bahrain’s judicial system through introducing a new Legislative Decree 26 of 2021 amending certain provisions of Legislative Decree 30 of 2009 with respect to the Bahrain Chamber for Economic, Financial and Investment Dispute Resolution (the “Amendment”). The Amendment provides special care and flexible proceedings for high value cases, by expanding the BCDR’s jurisdiction to include a wider scope of cases.
Historically, the BCDR’s competence would be limited to claims that exceed BHD 500,000 (about US$ 1.3 million), and where at least one party is a financial institution licensed by the Central Bank of Bahrain; or the dispute is of an international commercial nature.
However and in accordance to the Amendment, as of 1 October 2021, the BCDR will have the jurisdiction to rule over – along with the above mentioned claims-, any claims involving commercial companies with a claim value exceeding BHD 500,000.
In conclusion, the Amendment provides the BCDR the competence to hear a wider pool of cases, giving entities a more specialised judicial body to look over such claims, in consideration of the nominal value of those disputes.
The Litigation team regularly advises on all aspects of the litigation disputes. If you require further information on the litigation process or any other matter relating to the judiciary system in Bahrain contact the team.