The Chamber of Commerce Industry and Agriculture of Beirut and Mount Lebanon chairs ASCAME’s Commission on Arbitration and Mediation.
For the last two decades, the arbitration has established itself as the most suitable solution to resolve conflicts arising from breaches or violations of contracts.
The Mediterranean has currently 100 formal centres of arbitration which use to address solutions to the conflicts arising between enterprises of the same country. Nevertheless, many infrastructure projects are being implemented in the region and this requires many subcontractors or business partners from the south.
The main objective of the Arbitration & Mediation Commission is to upgrade the Mediterranean centres of arbitration and mediation so that the international entrepreneurs agree to be involved in the process; failing this the cooperation might be difficult.
Lebanon has a wealth of experience in the arbitration and mediation sector, especially thanks to its Lebanese Center of Arbitration and Mediation that has received the respect of the judicial authorities and business partners. During the Executive Committee of the 20th of November 2013, the convention granting the ASCAME label to the Lebanese Center of Arbitration and Mediation.
The objective of the initiative is to encourage the other Mediterranean centres of arbitration and mediation to ask for the label ASCAME to upgrade all the centres in the region.