On February 7, 2018, a signing ceremony took place between Malaysian Minister Azalina Othman Said and the Secretary-General of the Asian-African Legal Consultative Organization (AALCO) Kennedy Gastorn for an agreement to officiate the name change of the Kuala Lumpur Regional Centre for Arbitration (KLRCA) to the Asian International Arbitration Centre (AIAC).
The signing ceremony comes following the passing into law and gazetting of the Arbitration (Amendment) Act 2018 (the “Act”) on January 10, 2018. The Act will come into force on a date to be determined and notified in Malaysia’s Federal Government Gazette. The Act provides that all references to the KLRCA in any law or agreement will be construed as being references to the AIAC.
Please see full publication below for more information.
