SEGi’s Faculty of Engineering, Built Environment & Information Technology has visited Asian International Arbitration Centre (AIAC) for all the Bachelor of Science (Hons) Quantity Surveying students.
The visit aimed to introduce the role of AIAC in the construction industry to students and expose our students to the various alternative dispute resolution methods available in the construction industry. More than 40 students attended the trip.
The AIAC is located at Bangunan Sulaiman, one of Malaysia’s most iconic buildings. The Centre was the first in the world to adopt the UNCITRAL Rules for Arbitration as revised in 2013 and had its own set of procedural rules which govern the conduct of the entire arbitration proceedings from its commencement to its termination.
AIAC aims to expand its rules to cater to the growing demands of the global business community by introducing the AIAC Arbitration Rules, the AIAC i-Arbitration Rules, the AIAC Fast Track Rules and the AIAC Mediation Rules. These rules are constantly revised to ensure relevance with commercial practicalities and expectations. The Centre also publishes guides and circulars to facilitate the use of and understanding of its rules.
Apart from providing institutional support for domestic and international arbitrators and other ADR proceedings, AIAC offers hearing facilities and ancillary administrative services to tribunals operating ad hoc or under the auspices of another institution.