President Ibrahim Mohamed Solih, on Wednesday, appointed lawyer Mohamed Shahdy Anwar as the Chairman of Maldives Arbitration Centre.
A Fellow of the Chartered Institute of Arbitrators and of the Singapore Institute of Arbitrators, Shahdy has worked on various issues related to arbitration at an international level. His experience in law also includes tackling various high profile civil cases.
In addition, lawyer Hussain Siraj was appointed as Vice Chair, while lawyer Safa Shareef was appointed as a member of the board.
The board of the Arbitration Centre consists of three slots, for which appointments and dismissals are made by the president on the advice of the attorney general. The president is granted the power under the Arbitration Act.
Arbitration, by definition, is a settlement of dispute between parties to a contract by a neutral third party, known as the arbitrator, without resorting to court action.
Arbitration Centre is tasked with encouraging arbitration in the country, acting as a middle-man in solving disputes, establishing guidelines for arbitrators and paving the way for Maldives to progress as a hub of arbitration.