The National Commercial Arbitration Centre of Cambodia (“NCAC“) adopted its first arbitration rules on 11 July 2014 (“2014 Rules“). Since then, there has been a significant jump in cases referred to NCAC, showing the growing trust that the business community has in Cambodia’s arbitration services.
In July 2020, NCAC announced a commitment to reform the 2014 Rules to better serve the needs of the business community and all users of NCAC’s services. As a result, NCAC has adopted its new arbitration rules (“2021 Rules“) in its 7th Annual Assembly Meeting on 28 March 2021. The 2021 Rules became effective from 28 June 2021.
In this article, we highlight major amendments and new features in the 2021 Rules, specifically:
- Introduction of an expedited procedure;
- Provision for an emergency arbitrator; and
- Other amendments.
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