Tuesday, June 1, 2010

Agreement between ACICA and PCA

We had recently discussed changes in the arbitration law of Australia. The Australian Centre for International Commercial Arbitration (ACICA) is taking further strides in the field of arbitration. It recently signed an agreement with the Permanent Court of Arbitration (PCA) to promote the utilisation and education of arbitration in the Asia-Pacific region.

The PCA is the world's oldest inter-governmental organisation for international dispute resolution. This agreement would go a long way to improve the functioning of the PCA in the Asia-Pacific and foster arbitration in general, in the region.

Details of the agreement were announced a week ago just before the commencement of the International Council for Commercial Arbitration (ICCA) Global Congress.

More details on this landmark agreement can be found here.

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