News
ADB Convened Cambodia’s First Commercial Courts Symposium
ADB and the Ministry of Justice held Cambodia’s first-ever Commercial Courts Symposium on operationalizing effective and efficient commercial courts. The Symposium convened over 120 senior government officials, judges, business leaders and international experts to exchange knowledge about experiences and lessons learned in developing commercial courts around the world.
ADB Supports Development of International Commercial Arbitration in Uzbekistan
ADB and the University of World Economy and Diplomacy convened a conference on the development of international commercial arbitration in Uzbekistan, following the enactment of the Law on International Commercial Arbitration (ICA Law) which was supported by ADB.
ADB Partners with the Philippine Judicial Academy
The ADB Law and Policy Reform Program team met with the newly appointed Chancellor Rosmari Carandang and her team from the Philippine Judicial Academy (PHILJA) and representatives from the Supreme Court to discuss capacity building of special commercial court judges and inclusion of courses on environment and climate change into the judicial education program.
ADB Supports Cambodian Judges Workshop on International Commercial Arbitration
ADB's Law and Policy Reform Program supported an international commercial arbitration workshop for Cambodian judges convened by the National Commercial Arbitration Centre (NCAC) and the Ministry of Justice on 25 November via Zoom.
ASEAN Chief Justices Recognize ADB as a Key Development Partner
At the 9th Council of ASEAN Chief Justices (CACJ) meeting on 7 October 2021, the ASEAN Chief Justices adopted a declaration calling on its Working Group on Judicial Education and Training to collaborate with ADB and submitted an implementation plan for CACJ's approval.
ADB Convened Inaugural Uzbekistan Judicial Colloquium
ADB Uzbekistan Resident Mission Deputy Country Director Enrico Pinali made opening remarks and emphasized the important role of the judiciary in the effective implementation of laws with significant development impacts, such as the 2021 Law on International Commercial Arbitration enacted with ADB's assistance to improve the business climate
ADB Convened Palau International Commercial Arbitration Workshop
Following Palau’s accession to the New York Convention and the recent enactment of the International Arbitration Act, ADB Office of the General Counsel's Law and Policy Reform Program organized an international commercial arbitration workshop for the Palauan legal community on 7 June 2021 via Zoom.
The Asian Development Bank Hosts the Second Fiji Judicial Colloquium on International Arbitration
During the Colloquium, Asian Development Bank (ADB) General Counsel (GC) Thomas Clark and ADB Regional Director Masayuki Tachiiri thanked the Hon. Chief Justice and the Fijian judiciary for the strong partnership that ADB and Fiji have built, focused on legal reforms that drive private sector investment and economic opportunity and resilience.
ADB Assists Local and Foreign Banks in the Philippines to Establish Islamic Banks and Units
ADB’s technical assistance (TA) program to promote the Philippines’ socioeconomic development and acceleration through Islamic finance helped in the promulgation of Republic Act No. 11439. This paved the way for both local and foreign banks to establish full-fledged Islamic IBUs.
ADB Supports South Pacific “Open for Business” with International Arbitration
The South Pacific region used to be one of the few regions in the world without an effective legal framework to resolve cross-border commercial disputes through international arbitration, a private dispute resolution process that involves parties from different countries submitting their dispute to a neutral arbitrator or panel. This form of cross-border dispute resolution and enforcement regime is fundamental to foreign investment, trade, climate finance, and resolves disputes quicker than going to court.