LAUNCH OF AIAC ARBITRATION RULES 2021

The Asian International Arbitration Centre has launched the latest revisions to its Arbitration Rules, following their last update in 2018. Upon coming into effect on 1 August 2021, the AIAC Arbitration Rules 2021 will apply to all AIAC arbitrations commenced after this date, unless parties agree otherwise. The 2021 revisions come following an extensive study by an international External Advisory Committee for the Revision of the AIAC Arbitration Rules (including Peter Godwin, Partner, HSF Kuala Lumpur) and a public consultation of the draft rules.

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AIAC receives a Director after eight month vacancy

On 16 November 2020, Minister in the Prime Minister’s Department announced that former Malaysian federal court judge, Tan Sri Suriyadi Halim Omar, has been appointed Director of the Kuala Lumpur-based Asian International Arbitration Centre (AIAC) effective 1 December 2020. The third former judge to take this office and the first in 13 years, Suriyadi will be filling a vacancy left in the AIAC following the passing of Mr Vinayak Pradhan in March this year.

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AIAC-Herbert Smith Freehills webinar: A computer-side chit-chat with Peter Godwin on 30 March

Join us for an upcoming webinar, presented by Herbert Smith Freehills and the Asian International Arbitration Centre, titled A Computer-Side Chit-Chat with Peter Godwin on Monday 30 March.

Peter – Asia Head of Dispute Resolution and managing partner of the firm’s Kuala Lumpur office – will share his thoughts on arbitration in Asia today, the impact of the COVID-19 outbreak on the international arbitration industry, and share insights from his 20 years of experience in arbitration during an interview with the AIAC’s International Case Counsel, Irene Mira.

 Date: 30 March 2020

Time: 11am Kuala Lumpur time (GMT +8)

Registration: This webinar will be delivered via the AIAC’s Zoom Live Webinar platform. Please register at events@aiac.world and webinar details will be provided to you.

Peter Godwin
Peter Godwin
Asia Head of Dispute Resolution and Managing Partner of Kuala Lumpur office
+60 3-2777 5104

 

 

THE APPLICABILITY OF MALAYSIA’S FEDERAL COURT RULING ON THE AUTHORITY OF SHARIAH ADVISORY COUNCIL IN CIVIL DISPUTES TO ARBITRATIONS ON ISLAMIC FINANCE AND CAPITAL MARKETS

The Central Bank of Malaysia Act 2009 (“Act“) designated Malaysia’s Shariah Advisory Committee on Islamic finance (“SAC“) as the authority for ascertaining Islamic law for the purposes of Islamic financial business. According to Section 2 of the Act, “Islamic financial business” encompasses “any financial business in ringgit or other currency which is subject to the laws enforced by the Bank and consistent with the Shariah“.

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