30 September 2020: Beihai, Tel Aviv and Singapore

The e-signing of cooperation of Memorandum of Understanding between BAIAC and the Israeli Institute of Commercial Arbitration (IICA) took place today.

IICA was founded by the Federation of Israeli Chambers of Commerce. It is the first institution in Israel for arbitration and dispute resolution and has become the leading arbitration and dispute settlement Institution in Israel. The Arbitration Institute is the only public institution in Israel in the field of arbitration.

Signing for IICA was President Adv. Menashe Cohen and witnessed by Chairman of IICA Adv. Uriel Lynn, who is also the President of the Federation of the Israeli Chambers of Commerce and the Tel Aviv and Central Israel Chamber of Commerce.

President of BAIAC Prof Steve Ngo signed the MoU on behalf of BAIAC witnessed by committee members and guests present this evening.

Through the cooperation, the parties would like to further develop international arbitral capabilities building upon the existing good trade ties between Singapore, Israel, ASEAN and China. The cooperation with also focus on disputes arising from intellectual property and technology sectors such as fintech, biotech and other related aspects.

Joining from Beihai that evening was Mr Zhu Jifan, Executive Director of BAIAC and Vice-Chairman of Beihai Arbitration Commission.

Good wishes and “Mazal Tov” to this cooperation.