SYDNEY--26 Nov--Medianet International-AsiaNet/InfoQuest
The President of the Australian Centre for Commercial International Arbitration (ACICA), Douglas Jones AM, today welcomed amendments to the International Arbitration Act 1974 (Cth) introduced into Parliament by the Australian Attorney General, the Hon Robert McClelland.
Professor Jones said these changes will position Australia as a key player in international commercial arbitration.
"Arbitration is a multi-billion industry. It offers flexibility,enforceability and cost efficiency for parties in dispute.
"The anticipated increase of international arbitrations in Australia will provide considerable financial benefits to the Australian economy."
"We congratulate the Attorney General for taking the lead in this long overdue reform agenda.
In line with the change to the legal framework, ACICA has streamlined its arbitration rules for dispute resolution.
Further initiatives will be announced at the ACICA Conference:International Commercial Arbitration: Efficient, Effective, Economical? to be held on 4 December.
For more information: Gianna Totaro
Media Relations
+61 438 337 328
[email protected]
SOURCE: Australian Centre for Commercial International Arbitration
About the Australian Centre for Commercial Arbitration (ACICA) The Australian Centre for International Commercial Arbitration (ACICA) is Australia's only international arbitral institution. Established in 1985 as a
not-for-profit public company, its membership includes world leading practitioners and academics expert in the field of international and domestic commercial arbitration. ACICA aims to educate, promote and encourage the use of international commercial arbitration as a means of dispute resolution.
President
Douglas Jones AM RFD
Vice Presidents
Alex Baykitch
Ian Govey
Peter Megens
Immediate Past President
Michael Pryles AM
Board Members
James N Creer
Richard Garnett
Laurie Glanfield AM
Peter Harris
Malcolm Holmes QC
The Hon. Michael Kirby AC CMG
Robert Kus
Judith Levine
Peter McQueen
Gabriel Moens
Ian Nosworthy
Robert Regan
Ronald Salter
Michael Shand QC
Geoff McClellan
Georgia Quick
Director of Arbitration
David Fairlie
Secretary General
Emma Matthews
Head Office
Level 6, 50 Park Street
Sydney NSW 2000
Australia
Ph: +61 2 9286 3591
Fax: + 61 2 9267 3125
[email protected]
Deputy Secretary General
Jonathon DeBoos
Melbourne Office
Level 18, 333 Collins Street
Melbourne VIC 3000
Australia
Ph: +61 3 9286 6328
Fax: +61 3 9286 6460
[email protected]
Deputy Secretary General
Gabriel Moens
Perth Office
Western Australian Institute for Dispute
Management
South Street, Murdoch WA 6150
Ph: +61 8 9360 7563
[email protected]
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