KLRCAKuala Lumpur Regional Centre for Arbitration, Malaysia
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While the practice of arbitration is far from alien to India, the conference played a crucial role in gathering know-how of the best practices in arbitration and the way forward from the world-class arbitration institutions such as ICC, SIAC, LCIA, KLRCA, HKIAC and PCA.
These new rules are expected to be launched next year and marketed globally, making KLRCA the first arbitration institution in the world to have a new set of rules.
Further, for the for the second category, KLRCA stated that it was also a short-lived exemption from April 15, 2014 to Dec 31, 2015.