NCAC seeking support to continue operations

The National Commercial Arbitration Centre (NCAC) is seeking further support from the Commerce Ministry to continue operating, saying that fees collected from dispute claims are too small to cover the center’s costs. The NCAC, an independent body that works to resolve commercial disputes, was officially launched in 2013, and has received five cases in total, with the first two now settled. For each case, parties are required to pay administration costs based on the size of the disputed claim and a $250 registration fee. The center reached a deal with the commerce minister in 2015 to receive assistance in terms of free office space until 2017. Ros Mornin, the NCAC’s president, said yesterday that he was sending a proposal to the ministry to extend the deal. (Source: Phnom Penh Post)