Certified Expert in Arbitration & Banking Contracts

The banking / construction/ Financial industry has a complex range of procedures, often with large financial outlay, long in duration and involvement of multiple stakeholders that characterize most projects. 

These features make the industry highly prone to disputes, which could undermine the viability and economic benefits of a project unless the disputes are resolved quickly and in an efficient manner. 

According to a recent report on Global Construction Disputes (2016) by ACADIS, almost 33% of construction-related joint ventures in the Middle East resulted in disputes with arbitration being the most common dispute resolution method after negotiation.

Since many banking / construction/ Financial industry relationships result in disputes, it is imperative for the parties and their advisers to acquaint themselves with the legal nature of construction contracts and the factors that cause disputes and how to resolve such disputes in an amicable manner, including through arbitration. 

Delegates will gain a comprehensive grounding in the key areas of construction law and arbitration as the main method of resolving construction disputes.

Benefits:

By the end of the course, participants will be able to:

• Identify the right course of action to resolve a legal dispute
• Reduce the possibility of disputes leading to legal action
• Apply national and international legal requirements for dispute resolution
• Employ arbitration knowledge to negotiate terms
• Use case law to achieve a favorable outcome for their organization

Outline:

Law and Arbitration – Part 1

• Formation of Construction contract
• Sub-contracting
• Defects Liability during the Notification Period
• Decennial Liability
• Variation clauses
• Bonds
• Payment and back-to-back clauses

Law and Arbitration – Part 2

• Arbitration Agreement
• Arbitral Tribunal
• Arbitration Proceedings
• The supportive role of the courts
• Arbitration Awards
• Enforcement and Challenge of arbitral awards