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ICC’s Georges Affaki in Banker Middle East on why trade disputes can end positively

Georges AffakiIn this month’s Banker Middle East, Georges Affaki – Chairman of the Legal Committee of the International Chamber of Commerce (ICC) Banking Commission – explains why DOCDEX’s new rules present a cooperative solution for solving trade disputes in the Middle East.

Allowing international bankers and traders the expert support needed to solve trade finance disputes, DOCDEX (ICC’s dispute resolution mechanism) is a rapid, cost-effective, document-based procedure that offers a means to settle documentary credit disputes by minimizing disruptions, and eliminating the need to settle in court.

Now, DOCDEX’s recently revised rules offer more transparency, enhanced time efficiency, and a broadened scope that enables it to address any trade finance-related concern.

To read the full article, please click here and turn to p26

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