(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, Oct 27 (KUNA) -- The Belgian capital will host an International Business Court where companies can fight out their legal battles in English rather than in one of Belgium's official languages.
Belgian Justice Minister Koen Geens told journalists on Friday that "you can't develop Brussels as an international business hub, while the interested parties can only resolve their disputes abroad or through arbitration." Companies that wish to use the Brussels International Business Court will have to pay for the privilege, he said.
Geen believes that the court will "make Brussels even more attractive to entrepreneurs and investors." Currently legal proceedings in Belgium are conducted in the official language of the place in which the court sits. This is Dutch in the northern region of Flanders, Dutch or French in Brussels and French in the southern region of Wallonia.
Cases can also be heard in German in Eupen in the eastern part of the country where German is the official language. (end) nk.hm
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