The International Arbitration and Mediation Centre (IAMC) Hyderabad, in collaboration with the Asian Institute of Alternative Dispute Resolution (AIADR) and the China International Economic and Trade Arbitration Commission (CIETAC), organized the first Asia ADR Summit, a two-day event.
This landmark summit brought together leaders, visionaries, and innovators to shape the future of Alternative Dispute Resolution (ADR) in Asia.
On July 26, 2024, at the Asia ADR Summit in Kuala Lumpur, Malaysia, IAMC Hyderabad signed Memoranda of Understanding (MoUs) with four prominent institutions: Borneo International Centre for Arbitration and Mediation (BICAM), CIETAC, Maldives International Arbitration Centre (MIAC), and AIADR. These agreements aim to foster cross-border dispute resolution through shared knowledge and resources. They also pave the way for collaborative efforts, including conferences, workshops, and training programs centered on international arbitration and other dispute resolution methods.
About the Institutions
Borneo International Centre for Arbitration and Mediation (BICAM): Established in 2023, BICAM provides top-tier arbitration and mediation services in the region. Located at the Sabah International Convention Centre in Kota Kinabalu, it serves both local and international clients, focusing on efficient and cost-effective business dispute resolution.
China International Economic and Trade Arbitration Commission (CIETAC): Established in 1956 and headquartered in Beijing, CIETAC is one of the major permanent arbitration institutions globally. With 13 sub-commissions in major Chinese cities and three overseas branches in Hong Kong, Vienna, and Vancouver, CIETAC provides independent, impartial, and efficient arbitration services for both Chinese and international parties.
Maldives International Arbitration Centre (MIAC): Established under the Maldives Arbitration Act (Act No. 10/2013), MIAC is the first and only arbitration service provider in the Maldives. Founded in 2019 and open to the public since January 2020, MIAC offers modern facilities and promotes arbitration as a cost-effective and efficient dispute-resolution method for businesses and investors.
Asian Institute of Alternative Dispute Resolution (AIADR): Founded on April 17, 2018, AIADR is a not-for-profit member-based institution based in Kuala Lumpur, Malaysia. It promotes ADR practices through affordable education and professional development, starting in Asia and Africa and expanding globally. AIADR serves as a think-tank for developing jurisprudence related to swift and private dispute settlement.
International Arbitration and Mediation Centre (IAMC), Hyderabad: Established in 2021 as a public charitable trust by the then Chief Justice of India, IAMC has emerged as a leading institution for arbitration and mediation. It is guided by a distinguished Board of Trustees and an autonomous Governing Council of legal luminaries, industry veterans, and ADR experts from India and abroad.
These MoUs represent a significant step toward building a more unified and strong global ADR community. IAMC, in collaboration with these institutes, aims to facilitate knowledge exchange, improve professional development, and promote best practices in arbitration and mediation.
Tariq Khan, the registrar of IAMC Hyderabad, remarked on the signing of these MoUs, “This is a historic moment, and Asia is now set to lead the evolution of global arbitration practices.”
