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20 Jan 2016

Sok Chan, Khmer Times (Cambodia)

Cambodia: Govt. official & industry groups urge businesses to settle disputes in arbitration, not courts, raising concerns of access to justice

“Firms Urged to Opt for Arbitration, Not Courts, to Settle Disputes”, 17 Jan 2016

Commercial arbitration is a swifter, less expensive and more confidential way to settle business disputes than going through the courts, and the expansion of the service here will make the investment environment more attractive, [the] president of the Cambodian Federation of Employers and Business Associations said…“I want to see one clause in each contract between investors or business partners saying that if there is a dispute within the business, it will be sent to commercial arbitration rather than a court”…The National Commercial Arbitration Center…is not a rival to the court system, instead it supplements it, Mr. Monin said…[The] under-secretary of state of Justice Ministry said that solving a dispute on investment or business out of the court can be the best option if the arbitrator has expertise in the business the dispute is over…“There are many good laws to catalyze to encourage investment, so judges, prosecutors and lawyers must have precise skills in the field of commercial arbitration to ensure they can solve disputes professionally,” she added.