15 Aug 2018
The Kingdom’s National Commercial Arbitration Centre (NCAC) received four more disputes during the first half of this year, making it a total of 11 cases filed at the centre since it became fully operational in 2014.
NCAC secretary-general Suy Sothy confirmed on Tuesday that since its establishment, the centre has successfully resolved four of the disputes.
He said various parties have filed cases at the NCAC and found it to be more affordable and efficient than solving issues through the Kingdom’s court system.
“I believe that from now on, the centre will receive more dispute cases as many more businesses and legal experts are showing an interest than previously,” he said.
He said that the NCAC is also reaching out to more businessmen and lawyers daily to inform them of its process.