Capital Markets Authority (CMA) of Kuwait announced Sunday reactivating legal procedures of its arbitration system in pursuance of more justice and transparency.
The procedures, ratified on April 1, 2014, will help in legal settlements in a professional manner through a group of experts, the Authority said on its internet site.
It added that the system would be “swift and accurate” in examining settlement cases, with the highest degrees of confidentiality and professionalism.
The CMA, through the reactivation of such system, is attempting to provide more supportive means to implement the law and save time and effort of traders in Kuwait Stock Exchange, said the online release.
Established under Law No. 7/2010, which was adopted by the National Assembly (parliament) in February 2010, the CMA regulates and controls securities and ensures transparency, justice and efficiency.
Source : KUNA Kuwait News agency
