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Arbitration in Banking Operations (Alegal Comparative Study) | ||
| Journal of The Iraqi University | ||
| Article 1, Volume 0, Issue 38, 2018, Pages 514-535 | ||
| Author | ||
| Ikhlas Hameed Hamza Al-jorani | ||
| Abstract | ||
| Banks play an important role in the national and international economy development.Through credits supply and the use of savors’ bank deposits with certain benefits to provide manufacturers, traders, and other consumers with higher benefit loans, banks manages to gain profits through the difference of the two benefits. Thus, they serve as an agent between savors and investors, loan holders and borrowers, as well as money demand and money supply providers for projects’ establishments and developments. They manage to transform unproductive into an active capitals to finance trades, industry and participate in economy development. Such diversity of bank business comes of the world present competitive bank states. A state that requires the establishment of banks arbitration law to settle down all the kind of financial strives and enhances all sorts of banks’ legal intercourses with the necessary speed and experience, something that national law fails to achieve. | ||
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