Last month saw the official opening of the Australian International Disputes Centre. Located in the heart of the legal and financial services district at 1 Castlereagh St, Sydney, the centre puts Australia in a position to become a key player in the lucrative cross border dispute resolution market.
NSW Attorney General John Hatzistergos, who was part of the official opening, views Australia as well placed to capitalize on the booming global market for cross border dispute resolution, on the basis of our close ties to Asia and Europe, our stable economic, political and legal systems and some of the best legal practitioners in the world.
And it seems that others agree, with the facility already attracting strong interest from corporations in the Asia Pacific region and beyond.
The world class facility is jointly funded by the Commonwealth and NSW Governments, the Australian Centre for International Commercial Arbitration (ACICA) and the Australian Commercial Disputes Centre. It features 10 custom-built rooms, including a large 27-person hearing room, and is equipped with state-of-the-art video conferencing technology and access to translation and transcription services.