The ICC Rules of Mediation launched today in Kuala Lumpur
- Kuala Lumpur, 18 March 2014
The launch seminar was attended by representatives from the Malaysian business and legal community, including the heads of the legal departments of several large multi-national companies with a presence in Malaysia.
Edward, Principal Legal Consultant at Straits Consulting Group and a former
in-house counsel with experience in a variety of oil and gas companies, observed
during a panel session on “Why Mediate? Mediation’s relevance to business today”
that mediation is a very useful dispute resolution option for businesses
seeking to save time and costs, but that the main hurdle preventing businesses
from embracing mediation fully is a lack of awareness about the process and the
benefits of mediation.
counsel participant also remarked that the disadvantage of litigation and
arbitration is that the people involved in the process, such as the lawyers and
witnesses, are rarely the key stakeholders. In this regard, he observed that “the
main advantage of mediation is that as a party you do not lose control”.
Over the course
of the next two weeks, ICC Dispute Resolution Services will be organizing a
series of events across Asia and Australia to launch the new Rules in the
region. For more information and details on how to register, please visit ICC events page or contact Ms Siti Rohani at
+65 6225 9081 or firstname.lastname@example.org.
learn more about ICC Mediation, including the new Mediation Rules, please visit the mediation webpage.
Photos about the event are available on
the ICC Mediation Facebook page.