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Regional Centre For international Commercial Arbitration

A Regional Centre for International Commercial Arbitration (RCICA) is an institution established to facilitate the resolution of international commercial disputes through arbitration and other forms of alternative dispute resolution (ADR). These centers aim to provide a neutral and efficient forum for resolving disputes that arise in international trade and commerce. Here are some key aspects and notable examples of such centers:

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Key Aspects of RCICAs:

  1. Neutral Venue: They offer a neutral venue for parties from different countries to resolve their disputes without the need to rely on the judicial systems of their respective countries.
  2. Expertise: These centers typically employ or have access to experts in international commercial law and arbitration.
  3. Efficiency: They are designed to handle disputes more efficiently and expediently compared to traditional court systems.
  4. Enforceability: Awards given by these centers are generally enforceable under international treaties like the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.
  5. Confidentiality: Proceedings are usually confidential, which is an important aspect for businesses concerned with maintaining privacy over commercial matters.

Notable Examples of RCICAs:

  1. Kuala Lumpur Regional Centre for Arbitration (KLRCA):
    • Now known as the Asian International Arbitration Centre (AIAC), it is one of the oldest regional arbitration centers and serves as a hub for arbitration in Asia.
  2. Cairo Regional Centre for International Commercial Arbitration (CRCICA):
    • Established in 1979, CRCICA serves the Middle East and Africa, providing arbitration and ADR services for international commercial disputes.
  3. Lagos Regional Centre for International Commercial Arbitration (LRCICA):
    • Located in Nigeria, LRCICA caters to the West African region, offering arbitration services for resolving international trade disputes.
  4. Dubai International Arbitration Centre (DIAC):
    • Based in the UAE, DIAC is one of the leading arbitration centers in the Middle East, providing services for commercial dispute resolution.
  5. Hong Kong International Arbitration Centre (HKIAC):
    • Recognized as one of the world’s leading arbitration institutions, HKIAC provides facilities and support for arbitration and other dispute resolution proceedings.

Services Provided:

  • Arbitration: Serving as a neutral venue where parties can have their disputes arbitrated by qualified arbitrators.
  • Mediation: Offering mediation services to help parties reach amicable settlements without proceeding to arbitration.
  • Training and Certification: Providing training programs and certification for arbitrators and mediators to ensure high standards of practice.
  • Administrative Support: Offering administrative services to support the conduct of arbitration and mediation proceedings, including facilities, document management, and procedural assistance.

CONTACTS

  • Address: 2A Ozumba Mbadiwe Ave, Victoria Island, Lagos 106104, Lagos
  • Phone: 0902 358 1002
  • Website: http://rcical.org/

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