March 06, 2013
KLRCA Embarks On International Roadshow To Promote Its Islamic Arbitration Rules
Kuala Lumpur, 6 March 2013 – Hot on the heels of winning a global arbitration award, The Kuala Lumpur Regional Centre for Arbitration (KLRCA) is set to embark on an international promotional campaign beginning with a roadshow to Indonesia this month.
KLRCA had recently won the prestigious Global Arbitration Review Award for ‘Innovation by An Individual or Organisation in 2012’ at the 3rd Annual GAR Awards in Bogota, Colombia.
The voter-based Award was given for the KLRCA i-Arbitration Rules which was launched on 20th September last year. The i-Arbitration Rules is the first set of Islamic arbitration rules in the world for the resolution of disputes arising from commercial contracts containing Shariah issues. It adopts the United Nations Commission on International Trade Law (UNCITRAL) Arbitration Rules that ensures international enforceability.
The Rules will be one of the highlights in KLRCA’s Roadshow in Jakarta, themed Effective Dispute Resolution: A Malaysian Perspective. Organised with the aim of promoting the Malaysian legal system especially on alternative dispute resolution (ADR), the delegation will be led by Datuk Sundra Rajoo, Director of KLRCA, and include the President of The Court of Appeal Malaysia, Tan Sri Dato’ Seri Md Raus Bin Sharif; former Chief Justice of Malaysia, Tun Dato’ Seri Zaki Tun Azmi; and President of the Malaysia Bar, Lim Chee Wee.
According to Lim, “This is a great opportunity to showcase the Malaysian legal system as well as the competency of the Malaysian dispute resolution infrastructure. KLRCA has just won the Global Arbitration Review award which is a great achievement and a welcomed recognition for Malaysia’s arbitration scene. It has certainly put Malaysia on the global map where arbitration is concerned.”
The KLRCA Indonesia Roadshow will be held in Jakarta on 20 March 2013. The programme includes talks on Recent Developments in the Malaysian Judiciary; Why Businesses Should Arbitrate in Malaysia; and International Commercial Arbitration in Malaysia and its benefits for Indonesian and ASEAN Businesses.