05 Apr Malaysia: KLRCA sees surge in ADR cases

The Kuala Lumpur Regional Centre for Arbitration (KLRCA) recorded 618 alternate dispute resolution (ADR) cases between 2010 and 2016, showing a remarkable growth from just 22 cases from 1978 to 2010, according to the KLRCA’s 2016 annual report.

The number of arbitration cases translate to claims amounting to $295 million for international cases and over $105 million for domestic cases. Further claims amounting to $347 million were adjudicated.

This is an all-time high for the centre since its resurgence in 2010,” said the centre’s official media statement. “The cultural and geo-political alignment of Malaysia makes it evident that global and regional trade partners rely on KLRCA and Malaysia to become the hub of ADR,” added Datuk Professor Sundra Rajoo, KLRCA’s director. As the Centre strives to remain competitive and efficient, the revised KLRCA Rules will be launched in May at the KLRCA International ADR Week 2017. KLRCA’s advisory board is chaired by Tan Sri Dato’ Sri Haji Mohamed Apandi bin Ali, the Attorney General of Malaysia.