Steffen Pedersen appointed to Kuala Lumpur Regional Centre Panel of Arbitrators
The Kuala Lumpur Regional Centre for Arbitration (KLRCA) was established in 1978 under the auspices of the Asian-African Legal Consultative Organisation (AALCO).
KLRCA was the first regional centre established by Asian-African Legal Consultative Organisation (AALCO) in Asia to provide institutional support as a neutral and independent venue for the conduct of domestic and international arbitration proceedings in Asia. It was also the first centre in the world to adopt the UNCITRAL Rules for Arbitration as revised in 2010.
KLRCA has developed new rules to cater to the growing demands of the global business community such as the KLRCA i-Arbitration Rules, the KLRCA Fast Track Rules as well as the Mediation and Conciliation Rules. There has been a tremendous interest in the i-Arbitration Rules and this is evident with KLRCA winning the prestigious Global Arbitration Review Award for ‘innovation by an individual or organisation in 2012’.