Arbitration is not new, nor is it popular in Macau, Macau Business reports in its February issue.
In the 13 years it has operated, the World Trade Centre Macau arbitration centre has had only two commercial disputes to settle.
The arbitration centre of the Macau Lawyers Association, created in 1998, has just received its first case.
In 10 years, the Monetary Authority of Macau’s Centre for Arbitration of Disputes in Insurance and Private Pension Funds has settled two cases, both through mediation.
If the territory is to create a thriving industry out of its unique laws and location, arbitrators say the government must help.
Read the full version of this article in the February issue of Macau Business magazine, now available at selected newsstand outlets in Macau, Hong Kong bookshops, by subscription and at partner hotels, restaurants, airlines and ferry carriers in Macau.
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