Kuwait, Kuna – Kuwait’s Capital Markets Authority (CMA) had announced last Sunday that they are reactivating possible legal procedures on their arbitration system. This is to show the country’s pursuance of complete justice and transparency.
The online release expressed that the CMA of Kuwait’s main goal is that through the system’s reactivation, their attempt at providing more means of support in implementing their country’s law. This will lead to shorter procedure time and lesser effort from Kuwait’s Stock Exchange key players. The preexisting arbitration system which is being reactivated was made into law last November 7, 2010, and then was later adopted by the country’s parliament or National Assembly last February of the year 2010. The CMA main purpose is to regulate and control overall securities. The agency also ensures complete transparency, efficiency and justice.