LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Announcements

The KLRCA is Now the Asian International Arbitration Centre

Arbitral parties should note that the Kuala Lumpur Regional Centre for Arbitration (KLRCA) has been renamed the Asian International Arbitration Centre (AIAC), starting today, 28 February 2018.

This change comes as the Arbitration (Amendment) Act 2018 [Act A1563] comes into effect today.

Where the KLRCA is referred to in existing arbitration agreements, these agreements will be automatically construed as making reference to the AIAC.

However, this may not apply to arbitration agreements concluded on or after 28 February 2018. Accordingly, parties should ensure that they refer to the AIAC in future arbitration agreements.

 

Lim Tse Wei (twl@lh-ag.com)

If you have any queries, please do not hesitate to contact the author or partner, Dato’ Nitin Nadkarni (nn@lh-ag.com).

28 February 2018

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