April 18, 2013
The Sun Daily – KLRCA aims to arbitrate 250 cases in 3 years
KUALA LUMPUR (April 12, 2013) – The Kuala Lumpur Regional Centre for Arbitration (KLRCA), a forum for settlement by arbitration of disputes concerning trade, commerce and investment in Asia-Pacific, aims to arbitrate 250 cases per year by 2016, from 100 cases last year, said its director Datuk Sundra Rajoo (pix).
Founded in 1978, he said KLRCA has taken time to establish itself as a regional hub for arbitration and today it is recognised as an alternative to established arbitration centres such as Singapore and Hong Kong.
“Kuala Lumpur is 20% more cost effective (in arbitration proceedings) compared with other arbitration institutions in the region,” he told SunBiz recently.