Sydney promoted as international dispute resolution centre
27 May 2011
The Office of Trade, Business & Industry promoted Sydney as a centre for international dispute resolution at an Asia Pacific conference in Sydney on 27 and 28 May.
The Chartered Institute of Arbitrators Asia Pacific Conference 2011 attracted delegates from Australia, the United Kingdom, Europe, the Middle East and Asia.
The two day regional conference brought together attendees from Australia and overseas to focus on innovation and investment opportunities in international dispute resolution.
Servicing international commercial arbitration has become a lucrative global business with the spread of globalisation and cross border business.
The NSW Government used the conference to send a clear message that Sydney is an attractive option for international dispute resolution.
The Australian International Disputes Centre (AIDC) has been established in Sydney with NSW support as a world class, one-stop venue for international commercial arbitration.
The AIDC houses dispute resolution providers including the Australian Centre for International Commercial Arbitration; the Chartered Institute of Arbitrators (Australia) Limited; the Australian Maritime and Transport Arbitration Commission; and the Australian Commercial Disputes Centre.
It is equipped with state-of-the-art technology and soundproofing; 10 custom-built rooms for arbitrations, mediations, adjudications, deposition-taking, conferences, seminars and meetings; and around the clock security access.
Australia offers an attractive location for arbitration services in the Asia Pacific given its stable, supportive and trusted legal system; competitive costs; and international neutrality.
The NSW Government is committed to promoting Sydney as a leading business and professional services hub for the Asia Pacific region, including for international dispute resolution.