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Drafting International Arbitration Agreements

The session covered the different types of arbitration, the elements that should be incorporated in an arbitration agreement, and tips to consider and traps to avoid in drafting an arbitration clause.

ADB Presents Overview of International Arbitration Reform in the South Pacific

ADB presents achievements of arbitration reform technical assistance accomplishments to date, emphasizing that South Pacific countries and Timor-Leste must continue to implement legal reforms on arbitration to attract foreign direct investment (FDI), a significant portion of Pacific economies.

Experience of the Republic of Korea

Mr. Changwan Han, director of the International Dispute Settlement Division of Republic of Korea’s Ministry of Justice, talked about how international arbitration has contributed to increased economic activities and investment flows in South Korea. A stable and effective dispute resolution system plays an important role in promoting sustained economic growth and attracting foreign direct investment.