A momentous step: Kenya establishes international arbitration centre
By Kamau Karori
Earlier this year, legislators in Kenya established the Nairobi Centre for International Arbitration (NCIA) by passing the Nairobi Centre for International Arbitration Act No. 26 of 2013. The main objective of the NCIA is to facilitate the establishment of an independent and non-profit centre with a broad mandate necessary to administer domestic and international arbitration in Kenya.
The centre is expected to create and maintain proactive co-operation with other regional and international institutions in the field of alternative dispute resolution.
Historically, arbitration in Kenya was of a purely domestic nature, with principles substantially drawn from the English Arbitration Act 1996. In the absence of specific provisions for regional and international arbitration, major multinational entities setting up in Kenya generally opted to include clauses for the resolution of disputes through arbitration in other international seats, such as London or Mauritius, which have well-established international arbitration mechanisms…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
Global Financial Markets Insight — the case for a better-functioning securitisation market; the cost of holding ABS; and more
DLA Piper has released the latest version (issue 4, Q3 2014) of its Global Financial Markets Insight publication.
Corporate Insurance Trends 2014 is a collection of articles highlighting some trends and key issues for financial lines insurers and their insureds in 2014.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions