THAC signed MOU with 3 major organizations, ready to use ADR to settle disputes
On 9 December 2020, Thailand Arbitration Center (THAC), led by Mr. Phasit Asawawattanaporn, Managing Director of THAC, Ms. Wipharat Srisawat, Assistance Managing Director of THAC, and their working team went to Phuket to sign a Memorandum of Understanding (MOU) with 3 major organizations; Ramkhamhaeng University, the Phuket Chamber of Commerce, and the Federation of Phuket Industries. This MOU aims to support and promote collaboration in the practice of Alternative Dispute Resolution and promote comprehension in related knowledge at Phuket Merlin Hotel, Phuket.
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The covid-19 pandemic has a huge impact on many organizations and businesses in Phuket. For only 6 months, the estimated damages are over 65,000 million baht on businesses, such as hotels, restaurants, retail shops, entertainment businesses, public transportation, tourist attractions, and other businesses. This impact is equivalent to almost one/third of Phuket’s Gross Provincial Product (GPP). THAC foresees that the pandemic has caused not only monetary damages but also an increase in business disputes. To reduce the number of conflicts, whether they are internal disputes within the organization, between organizations, or with international organizations, THAC has agreed to enter the MOU with 3 major organizations; Ramkhamhaeng University, Phuket Chamber of Commerce, and the Federation of Phuket Industries. This collaboration aims to support, publicize and encourage the knowledge of Alternative Dispute Resolution for organizations and businesses in Phuket.
Moreover, THAC provided a lecture on “Settling business disputes with Alternative Dispute Resolution (ADR)”, honored by Asst.Prof. Sittipak Purisinsit, Associate Dean for Academic and Research, Faculty of Law, Ramkhamhaeng University, to lecture on the use of Alternative Dispute Resolution (ADR) in settling business disputes; the process when disputes arise; arbitration proceedings; how to prevent potential business disputes. The lecture aimed to advise on how to prepare for potential conflicts and to handle the situation without troubles while maintaining a good relationship with business partners for their future transactions.
For further information, please contact THAC!