Hot on the heels of the CPTTP Agreement finalised earlier this year, the New Zealand International Arbitration Centre (NZIAC) has announced the launch of its new and innovative 2018 suite of International Arbitration, Mediation and Arb-Med Rules, and a fresh new website www.nziac.com
Four key objectives of NZIAC are:
- to provide an effective and certain forum for the settlement of international trade, commerce, investment, and cross-border disputes in the Trans-Pacific Region;
- to support and facilitate the growth and development of international dispute resolution in the region;
- to promote New Zealand as a fair, safe and neutral regional hub for international dispute resolution and seat for international arbitration in the Trans-Pacific Region; and
- to promote and underpin trade, investment, and sustainable economic development and growth in the Trans-Pacific Region.
Founder and Director of NZIAC, leading New Zealand commercial arbitrator John Green says: “New Zealand is a modern, dynamic country with an open economy and business environment with strong respect for diversity; it is politically stable and has excellent infrastructure, communication, technology, and a supportive legal environment that underpins the efficacy of international dispute resolution; and it is highly respected globally as an independent and lawful jurisdiction for international arbitration and mediation.”
He says “With New Zealand’s well developed and trusted legal system, world class infrastructure, and ‘safe nation’ status, NZIAC is ideally positioned to become the Trans-Pacific Region’s premier forum to handle the expected growth in complex, cross-border commercial and investment disputes in the region. There is no question that the release by NZIAC of its 2018 suite of Rules will be keenly followed and will undoubtedly mark one of the most significant developments on the international dispute resolution scene this year.”