Publication Type
Journal Article
Book Title/Conference/Journal
SMU ASEAN Perspectives
Year
3-2022
Abstract
International dispute resolution is only at an early stage of development in Brunei. Although the government established the Brunei Darussalam Arbitration Centre (BDAC) in 2014 to provide domestic and international users with arbitration and mediation services, the institution has yet to attract a significant caseload. This is in contrast with neighbouring countries such as Singapore (a regional hub for international dispute resolution) and Malaysia (an active and rising centre of dispute settlement). Their flagship arbitration institutions, the Singapore International Arbitration Centre (SIAC) and the Asian International Arbitration Centre (AIAC) (formerly known as the Kuala Lumpur Regional Centre for Arbitration), handle several hundred cases every year and have generated substantial cashflow into their respective legal sectors. This trend has still to materialise in Brunei.
Disciplines
Commercial Law | Dispute Resolution and Arbitration
Subject(s)
Basic or Discovery Scholarship
Publisher
Centre for Commercial Law in Asia
Version
publishedVersion
Language
eng
Copyright Holder
Singapore Management University
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Format
application/PDF
Citation
TERAMURA, Nobumichi.
Developing Brunei Darussalam as an ASEAN hub for International Islamic Finance dispute resolution: Opportunity or over-ambition?. (2022). SMU ASEAN Perspectives. 1, 1-5.
Available at: https://ink.library.smu.edu.sg/ccla/3
Additional URL
https://ccla.smu.edu.sg/research/asean-law/smu-asean-perspectives