Bahrain Partners With AAA to Launch ADR Center

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Description: On Jan 11, 2010, the Kingdom of Bahrain formally launched a dispute resolution chamber in the capital city of Manama. The center is an initiative of Bahrain's Ministry of Justice, in partnership with the American Arbitration Association (AAA). The center will be known formally as the BCDR-AAA. The legislation establishing the center creates a statutory arbitration caseload by requiring financial disputes involving more than $1.3 million to be arbitrated if they involve an international party or a party licensed by Bahrain's Central Bank. A unique feature of the legislation is the creation of a so-called "free arbitration zone." Sheikh Khaled said that in establishing the BCDR-AAA, Bahrain has sought to bring the very latest in global ADR solutions to the region.
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