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November 30, 2024 -Saturday |
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DRIVING FORCES BEHIND THE BELT AND ROAD INITIATIVE
Wednesday 14/08/2019
KUALA LUMPUR, Aug 14 (Bernama) -- On 13th August 2019, the Asian International Arbitration Centre (AIAC) and the China International Economic and Trade Arbitration Commission (CIETAC) signed a Memorandum of Understanding (MOU) to cooperate and promote the use of arbitration in the Belt and Road Initiative (BRI). The MOU was signed by Mr. Vinayak Pradhan, Director of the AIAC and Mr. Wang Chengjie, Vice Chairman & Secretary-General of CIETAC, and was witnessed by Mr. Loh Chang Woo, President of the Malaysia-China Legal Cooperation Society (MCLCS).
The AIAC, CIETAC and MCLCS jointly hosted the ‘Driving Forces Behind Belt & Road Initiative’ seminar leading up to the signing ceremony of the MOU. The event began with a welcoming address by, Mr. Vinayak Pradhan, the Director of the AIAC, who outlined the positive relationship the AIAC has with CIETAC in developing legal standards of dispute resolution in the BRI. Following on from Mr. Pradhan’s speech, Mr. Wang Chengjie delivered his keynote address where he highlighted the growth and positive trade between China and Malaysia, before calling attention to the necessity for cooperation between the two institutions.
This was then followed on by a panel discussion on the “Role of Arbitration in the Belt & Road Initiative: Perspectives from China and Malaysia. The panel discussion was moderated by Mr. Loh Chang Woo, and featured panelists, Mr. Brad Wang of CIETAC Hong Kong Arbitration Centre, Mr. Jerry Zhang of the Beijing Linli Law Office, Mr. Lam Ko Luen of Shook Lin & Bok and Mr. Choon Hon Leng of Raja, Darryl & Loh. The discussion focused on the role and the importance of an effective dispute resolution mechanism for disputes arising out of the BRI.
The AIAC is proud to mark the historic occasion of the 45th anniversary of China-Malaysia diplomatic relations and the 28th anniversary of China-ASEAN relations and looks forward to promising projects between CIETAC and the AIAC in the future.
Source: Asian International Arbitration Centre
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Leonard Loh
Tel: +603 2271 1115
Email: leonard@aiac.world
--BERNAMA |
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