Sharjah, 7 Dec – The Kuala Lumpur Regional Centre for Arbitration (KLRCA) and the Sharjah International Commercial Arbitration Centre (Tahkeem) have signed a Memorandum of Understanding (MOU).
The agreement was signed ahead of the opening of the 1st International Forum on Commercial & Islamic Arbitration, organised by Tahkeem in collaboration with the University of Sharjah (UoS) at the Al Razi Auditorium.
The agreement, signed by Datuk Professor Sundra Rajoo (Director of the KLRCA) and Ahmed Saleh Alechla (Director of Tahkeem), establishes a basis upon which both parties may explore areas for further co-operation in respect of the use of facilities and services on Alternative Dispute Resolution (ADR) provided by both institutions.
Datuk Professor Sundra Rajoo, Director of KLRCA then went on to deliver a working paper titled, ‘Islamic Commercial Arbitration as a Model’, at the conference.
Distinguished Islamic and commercial arbitrators from the United Arab Emirates and across the globe attended the opening ceremony of the event.