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| Australia Opens International Disputes Centre |
by Mary Swire, LawAndTax-News.com, Hong Kong
Friday, August 06, 2010
As, it is hoped, an impetus for Australia to become a regional centre for arbitration,
the country’s first dedicated international dispute resolution centre
was opened in Sydney on August 3.
The Australian International Disputes Centre (AIDC) is located in the heart of Sydney’s
business district, and is purpose-built to conduct arbitrations, mediations,
training and seminars.
The AIDC offers state-of-the-art communications, audiovisual and video conferencing
facilities, tribunal, conference and breakout rooms, and access to translation
and transcription services. It also offers panels of accredited dispute resolvers
and expert training in arbitration, mediation, adjudication and expert determination.
Jointly funded by the Australian Centre for International Commercial Arbitration
and the Australian Commercial Disputes Centre, in partnership with the Australian
and New South Wales governments, it aims to promote and facilitate international
and domestic dispute resolution.
Australia’s Attorney-General, Robert McClelland, who opened the centre,
had said previously that Australia is well-placed to capitalize on the booming
market for cross-border dispute resolution, having very close ties both to Europe
and to Asia, together with stable economic, political and legal environments,
and some of the best legal practitioners in the world.
As international arbitration, rather than litigation, becomes the preferred
choice for resolving commercial disputes, it is hoped that Australia can become
a significant player in the Asia-Pacific market, which is currently dominated
by Hong Kong and Singapore.
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