Country | |
Publisher | |
ISBN | 9789672187592 |
Format | HardBound |
Language | English |
Year of Publication | 2018 |
Bib. Info | 1v. |
Categories | Other Jurisdictions , Singapore, Arbitration and Alternative Dispute Resolution |
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Arbitration is the ultimate dispute resolution mechanism used both domestically and internationally by virtue of domestic arbitral statutes and the New York Convention. The United Nations Commission on International Trade Law (UNCITRAL) has issued both the Model Law on International Commercial Arbitration for adoption by countries and Arbitration Rules for use by arbitral institutions and parties. The UNCITRAL Model Law has enjoyed wide acceptance. To date, it has been implemented in 80 States in a total of 111 jurisdictions, with domestic legislation taking guidance and directions from the UNCITRAL Model Law provisions. The Malaysian Arbitration Act 2005 (Amended 2011 and 2018) is an example of it.