Event report
Morning Talk With Skrine
On 15th February 2023, CCIFM and Malaysian-Dutch Business Council (MDBC) co-organized a Morning Talk with Skrine at ibis KLCC.
Our speakers, Mr. Mubashir Mansor and Dr. Harald Sippel shared tips and tricks on how to avoid an escalation and the do’s and don’ts of international arbitration to gain the upper hand in disputes
Whether we like it or not, disputes form part of business life and if you and your company haven’t yet been involved in a dispute, you certainly know someone who has. Putting your head in the sand is not a good strategy – you need to learn how to steer around disputes and when there is no possibility to avoid them, how to resolve them efficiently.
In an international context, the most common mechanism for international disputes is arbitration, not court litigation. While it is intended to be a mechanism for businesses, many companies run into pitfalls: drafting unworkable arbitration agreements, not thinking through the financing of the process, spending too much money and running into delays – these are just some of the problems to avoid. The mistakes companies make in international arbitration often cost them dearly and result in huge losses, unenforceable awards, or even awards, which get set aside by courts.
The insightful talk came to an end with a Q&A session from the participants.
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If you are interested to do a Morning Talk with CCIFM, please get in touch with us via email at lavenya(@)mfcci.com
