IAC signed multiple MOUs with international arbitration and mediation partners in Asia
Chairman of the International Arbitration Centre, Ms. Barbara Dohmann QC, signed five Memorandums of Understanding with leading dispute resolution institutions in Hong Kong and China, Strategy2050.kz informs referring to the AIFC’s press service.
In Hong Kong, the IAC Chairman signed MOUs with the Hong Kong Arbitration Centre of the China International Economic and Trade Arbitration Commission (CIETAC HK), and with the Hong Kong International Arbitration Centre (HKIAC).
In China, Ms. Barbara Dohmann QC signed MOUs with the headquarters of the China International Economic and Trade Arbitration Commission (CIETAC China), with the International Commercial Mediation Centre for the Belt & Road (BNRMC), and with the Beijing International Arbitration Centre (BIAC).
Future cooperation initiatives were also discussed with leading dispute resolution partners in Singapore including the Singapore International Mediation Centre and the National University of Singapore at which the IAC Chairman, and AIFC Court and IAC Registrar and Chief Executive, Mr. Christopher Campbell-Holt, gave speeches to the Singapore legal and business communities.
The above initiative expands the IAC’s cooperation and international recognition among the elite arbitration and mediation institutions in Asia and will enhance the delivery of the IAC’s global services and reputation as the leading international arbitration centre in Central Asia.
“Our cooperation will include the sharing of arbitrators and mediators and venues with our partners, and there will be new dispute resolution research and development initiatives, training programs, and promotional events”, the message reads.
The Memorandums of Understanding were signed within the framework of the Hong Kong and China Arbitration Weeks, the two leading annual arbitration forums in Asia, with leading arbitrators, mediators, lawyers and business representatives attending the forums from more than forty countries.
“I am delighted to report that our International Arbitration Centre has found recognition by, and support from, leading international arbitration and mediation institutions in Asia as the new centre for the resolution of international and regional commercial disputes in Central Asia. The signing of our latest MOUs with our partners in Asia will ensure continued cooperation and will contribute to the growth of our enterprise in Kazakhstan and globally”, Ms. Dohmann QC commented.
Mr. Campbell-Holt, in turn, stated that the Memorandums of Understanding provide exciting new opportunities for the IAC.
“We strive to provide world-class dispute resolution for commercial matters in Kazakhstan and throughout the Central Asia region. We are confident that our partnerships with the leading dispute resolution institutions in Asia and elsewhere will assist with the long term delivery of our dispute resolution services. Investors in Kazakhstan can have confidence that their rights will be protected in accordance with the most robust international standards of the rule of law”, he said.
