Bahrain is set to take a major step towards solidifying its status as a regional hub for international dispute resolution as MPs vote on a landmark agreement with the Permanent Court of Arbitration (PCA) during the weekly session on Tuesday.The foreign affairs, defence and national security committee, chaired by MP Hassan Bukhammas, endorsed the draft law ratifying the Host Country Agreement between Bahrain and the PCA, paving the way for the establishment of an official PCA base in the kingdom.Mr Bukhammas said the move will “significantly elevate Bahrain’s position on the global legal map,” noting that the agreement mirrors arrangements previously granted by countries such as Singapore, Austria, and Mauritius.The agreement grants PCA the privileges and immunities needed to conduct arbitration, mediation, conciliation, and commissions of inquiry within Bahrain. It ensures legal protections for arbitrators, officials, witnesses, and participants, similar to international norms and comparable host country agreements worldwide. (ICE Doha)

Fonte notizia: GDN ONLINE