I like to begin by expressing my gratitude to everyone involved in the establishment of the National Commercial Arbitration Centre (NCAC) of Cambodia, namely the leadership at the Ministry of Commerce, business communities, IFC being the donor supporting the initial training, the many experienced trainers dispatched by SIArb and SIAC, current and former colleagues at the General Secretariat, the Executive Board as well as fellow arbitrators. Without their unwavering support, encouragement, and dedication, NCAC would not be what it is today.
NCAC was born out of the desire to enhance the use of alternative dispute resolution (ADR) in Cambodia and to handle the increasing number of international and domestic commercial disputes which is correlated with the unprecedented economy growth in Cambodia. Foreign investments play an important role in contributing to the economy growth as well as the tremendous increase of cross border commercial deals. What the business communities need is the ability to resolve any dispute arising out of those transactions effectively through a neutral dispute resolution mechanism….Read More