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Azalina calls for controls on ‘rogue arbitrators’ and litigation funds

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Azalina calls for controls on ‘rogue arbitrators’ and litigation funds FMTNews FMTEng

Law and institutional reform minister Azalina Othman Saad says the lack of a monitoring mechanism has led to the arbitration process being abused to threaten sovereign countries.

She also called for the regulation of litigation funding, a system by which private equity interests provide funds for legal suits hoping for a massive return from the outcome. Azalina said an oversight mechanism was vital to ensure arbitrators are held to strict ethical standards and prevent the appointment of rogue arbitrators.

 

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