The Egyptian stock exchange Board of Directors (BOD) discussed a recommendation to establish an optional mechanism for commercial arbitration with the purpose of resolving disputes which would enhance the pace of resolving commercial or investment disputes between parties inside the market.
The BOD recommended, in a press release, to put this recommendation to Community discussion between the parties of the market and law firms specializing in commercial arbitration.
Egyptian bourse chairman, Mohamed Omran, declared that such a mechanism would allow the stock exchange to benefit of its staff and their legal expertise in the stock exchange which would enhance the development of the market system and would make this proposed mechanism a quick solution to all disputes within the Egyptian stock market.
