By Irene Gaitirira
Published June 25, 2017
An event aimed at promoting arbitration as an alternative mechanism of resolving disputes to court litigation shall held in Rwanda September 28-29, 2017.
The 5th East Africa International Arbitration Conference (EAIAC2017) that shall be held Kigali on the theme ‘Linkages Between International Arbitration and Africa’s economy’, shall seek to support players in their efforts towards developing arbitration practice, positioning East Africa’s investment competitiveness, and boost the profile of East Africa’s arbitration centres in Kenya, Rwanda and Mauritius as competitive centres providing reliable and efficient arbitration service.
This comes at a time when international investors are avoiding time-consuming litigation in preference for arbitration.
The organisers of the event say it will focus on the economic implications of international arbitration, scrutinise the current state of international arbitration practice in East Africa and chart the way for the future.
As West Africa’s economies face challenges due to commodity crises, Southern Africa’s political and economic challenges, East Africa is thriving, recording robust growth as well as outlining ambitious infrastructure projects which are attracting international investments. The growth in foreign investment in East Africa is expected to lead to an increase in international disputes hence the importance in ensuring the development of East Africa’s International Arbitration capacity.
This conference will discuss in detail the economic implications of international arbitration, emerging areas in international arbitration, the place for East Africa in International Arbitration and the importance of International Arbitration in African dispute resolution.
The organisers of EAIAC 2017 say the two-day event targets in-house counsels, regional and international arbitration professionals, lawyers, magistrates, users of arbitration, governments and trade experts.