IMAC, OIC Arbitration Centre Sign MoU to Promote Mediation, ADR

The International Mediation and Arbitration Centre (IMAC) and the OIC Arbitration Centre have signed a Memorandum of Understanding (MoU) to promote mediation and alternative dispute resolution (ADR) methods. This partnership aims to enhance cooperation and collaboration between the two organizations in the field of dispute resolution. The MoU is expected to foster greater understanding and adoption of mediation and ADR practices globally.

The signing of the MoU marks a significant milestone in the development of mediation and ADR services, particularly in regions where the OIC Arbitration Centre operates. The collaboration is anticipated to facilitate the exchange of expertise, resources, and knowledge between IMAC and the OIC Arbitration Centre, ultimately benefiting businesses, communities, and individuals seeking efficient and effective dispute resolution mechanisms.

• IMAC and OIC Arbitration Centre will cooperate in promoting mediation and ADR methods through joint training programs and workshops.
• The partnership will facilitate the exchange of expertise and resources in dispute resolution, enhancing the capabilities of both organizations.
• The MoU is expected to contribute to the development of a more harmonized and standardized approach to mediation and ADR practices globally.
• The collaboration will also explore opportunities for joint research and publication on topics related to mediation and ADR.

OIC Arbitration Centre’s Role in Promoting ADR

The OIC Arbitration Centre has been at the forefront of promoting ADR methods in its member states, recognizing the importance of efficient and cost-effective dispute resolution mechanisms in facilitating trade and investment. The Centre has established itself as a leading institution in the provision of arbitration and mediation services, with a strong focus on capacity building and training.

Through its partnership with IMAC, the OIC Arbitration Centre aims to further strengthen its capabilities in mediation and ADR, enhancing its services to meet the evolving needs of its users.