Kuala Lumpur Regional Centre For Arbitration

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Kuala lumpur regional centre for arbitration. Gar provides breaking news daily updates and in depth monthly features covering antitrust and competition enforcement in countries around the world. Instead the kuala lumpur regional centre for arbitration klrca was established in 1978 under the auspices of the international governmental international law body the asian african legal consultative organization aalco to provide a forum for the settlement of disputes by arbitration in trade commerce and investment within the asia pacific region. The kuala lumpur regional centre for arbitration klrca has officially changed its name to the asian international arbitration centre aiac. Any dispute controversy or claim arising out of or relating to this contract or the breach termination or invalidity thereof shall be decided by arbitration in accordance with the rules for arbitration of the kuala lumpur regional centre for arbitration.

The kuala lumpur regional centre for arbitration klrca is the main venue where cases are solved through arbitration in malaysia. As the industry steps into a new age of dispute resolution the aiac remains steadfast in its ongoing commitment to the international alternative dispute resolution adr ecosystem and the stakeholders it serves. This change comes as the arbitration amendment act 2018 act a1563 comes into effect today. Drawing from the centre s vast experience and potential it took on a new name in 2018 rebranding to the asian international arbitration centre aiac.

Find people you know at kuala lumpur regional centre for arbitration browse recommended jobs for you view all updates news and articles. Foreign clients who are interested in this alternative dispute resolution method can request legal advice and counseling from one of our lawyers in malaysia. The centre is non profit and serves the asian and the pacific region. The name change was formally announced on february 7 2018 during a signing ceremony in kuala lumpur malaysia.