Arbitration centers in Chambers of Commerce have become a widespread phenomenon in all countries and the essential purpose of the establishment of these legal centers is to accelerate solving disputes and differences between different business segments, they are designed to meet the needs of citizens and contribute to resolving the problem of slow litigation; they also contribute in the development of commercial transactions and accelerate growth in an atmosphere of trust and consolidation among businessmen away from freezing assets and waste of time; they also provide litigation by former judges and legal experts renowned for their capacity, ethics and integrity.
Arbitration is the judiciary of the future; it has already become granted within the business and legal communities because of substantial confidence of what arbitration centers enjoy in terms of saving time and cost, hence the Reconciliation and Arbitration Center of the Chamber of Tripoli and the North, second in place in Lebanon after the Lebanese Center for Arbitration established by the Federation of Chambers of Commerce, Industry and Agriculture in Lebanon.
Processing Conflicts in ordinary courts is slow and costly which hinders commercial exchange and economic growth, thus the establishment of this arbitration center for fair, expeditious and inexpensive procedures.
The center aims to:
1. Conflict resolution.
2. Cost reduction.
3. Speedy conflict resolution.
4. Assurance of alternative faster means than litigation, such as technical experience,
reconciliation and arbitration
The Centre was established on 11.09.2002 pursuant to Article 7 of the Legislative Decree 36/67 which amended the law 626. 04/23/97 Chambers of Commerce, Industry and Agriculture which states:
"Chambers are to accept resolution of disputes entrusted by parties in disagreement through amicable reconciliation or duly arbitration manner."
An arbitration board oversees the center according to framework consisting of five or seven members renowned for their expertise, knowledge and ethics, to supervise the application of the arbitration and to monitor the legitimacy and legality of the procedures.
The center provides the following services:
1. The possibility of settling disputes by:
- Arbitration in accordance with the center’s regulations.
2. Establishing arbitration concept in local and international conferences, seminars, research
and publication of articles and studies to serve lawyers, men in finance man trade.
3. Preparation of a new generation of judges through training courses and practical programs
with a plan for continued education and efficiency enhancement.
4. Assistance in the implementation of arbitration conclusions.
5. Preparation of a comprehensive library and a data bank through a website with focus on
trading materials and settlement of commercial, industrial, agricultural, tourism, financial, real
estate, maritime, insurance disputes and otherwise.
Dispute settlement procedures
- A request is submitted and fees are deposited according to the center’s regulations.
- Arbitration request includes the matter of dispute and requirements accompanied by supporting documents and a mediator is nominated in the event of arbitration.
- The person the request is raised against is notified and asked to respond within a specific deadline accompanied by documents and to nominate the mediator.
- The person requesting arbitration is provided with a copy of the response.
- The arbitral tribunal is formed in accordance with the system regulations.
- Meetings are held, arguments and pleadings are submitted and experts are hired.
- Arbitration decision is issued after deliberation.
- A copy of the arbitration deliberation is obtained in accordance with the system regulations.Costs of arbitration
Arbitration charges determined by the court are borne by the parties and include:
The Centre is a nonprofit and aims to provide services with the actual cost reduced to a minimum.
Parties shall bear the registration fees according to center’s regulations
Arbitrators' fees and administrative expenses include experts’ charges in the case of using their services.
Verdicts are being implemented voluntarily by conflicting parties. In the case of failure to execute (or consensual) by the sentenced party, the verdict is then deposited at the court whose head is entrusted to give a formula to carry out the ruling.