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Malaysia passes Arbitration (Amendment) Bill 2024

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Published on: 23 July 2024
Published by LNB News

LNB News 23/07/2024

Document Information

Issue Date: 23 July 2024

Published Date: 23 July 2024

Jurisdiction(s): Malaysia and World

Article summary

The Parliament of Malaysia has passed the Arbitration (Amendment) Bill 2024, amending the Arbitration Act 2005 [Act 646]. It aims to solidify Malaysia's standing in international arbitration and implements certain changes to the Asian International Arbitration Centre. It further seeks to align with international best practices to ensure transparency and accountability whilst also permitting the third-party funding of arbitration.

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Jurisdiction(s):
Malaysia and World

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