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Japan’s first international arbitration center debuts in Osaka

Osaka

The Japan International Dispute Resolution Center, the nation’s first facility specializing in international arbitration to settle disputes involving businesses, has been established in Osaka.

The center began services May 1 under the management of an association formed by local lawyers and arbitration experts in February to deal with disputes such as those between Japanese and foreign companies or between foreign companies from different nations.

The center, dubbed JIDRC-Osaka, indirectly supports Japanese companies’ overseas business expansion through cuts in their arbitration-related times and costs, as their representatives no longer need to travel abroad to seek alternative dispute resolutions.

Source: The Japan Times