KUALA LUMPUR, June 24 — The absence of a monitoring mechanism and the failure of arbitrators to comply with strict ethical and professional standards has caused the arbitration...
KUALA LUMPUR, June 24 — The absence of a monitoring mechanism and the failure of arbitrators to comply with strict ethical and professional standards has caused the arbitration process to be misused to threaten sovereign countries, said the Minister in the Prime Minister's Department , Datuk Seri Azalina Othman Said.
“This case has raised critical concern about the importance of ethical conduct, integrity, professionalism, and good practice by arbitrators, which is the cornerstone of the arbitral process itself. “The purported final award resulting from the sham arbitration was issued illegally by a Spanish arbitrator, Dr Gonzalo Stampa,” she said.
“Hypothetically, the claimants could continue forum shopping indefinitely in as many countries as they choose until they reach an outcome which they find satisfactory. According to her, as Malaysia continues to defend itself, efforts are being made in tandem to better understand the Sulu case and how the arbitral process can be further made airtight to avoid being abused such as the upcoming International Arbitration Colloquium 2023 which will take place on July 4 in Sabah and the United Kingdom later this year.
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