Investors and other market participants in Islamic finance seek certainty and stability, and avoid risk and volatility. A strong rule of law, including a reliable, predictable, just, fair system of dispute resolution, is essential. Such a system must have clear authority and legitimacy among those who seek redress. This legitimacy is particularly important in the context of Islamic commercial transactions and disputes, as Islam is a legalistic religious tradition, in which all areas of its adherents' lives are, in prinCiple, governed by Islamic legal values. A suggested framework for Islamic Dispute Resolution (IDR) in Islamic finance disputes will be discussed, including the benefits to the industry as well as legal practitioners in utilising Islamic arbitration. Practical implications, including obstacles, in implementing Islamic arbitration in a secular context also will be presented.

Seminar Programme:

About the Speaker:

Andrew White is an Associate Professor of Law, Singapore Management University School of Law. He is also a Visiting Professor at the International Islamic University Malaysia (Harun M. Hashim Law Centre) and in the Faculty of Law of Universitas Islam Indonesia, and has been for several years a Senior Fellow in the Melbourne Law School, teaching postgraduate coursework in Islamic law. Prof. White was formerly a partner in Patton Boggs LLP, a Washington, DC-based law firm with offices and resident attorneys throughout the US, Qatar, and the UAE; a senior attorney in von Maur & Partners, a law firm in Frankfurt, Germany; and most recently, principal in his own law firm in North Carolina, USA. He has more than 30 years professional experience in ADR, as an advocate and as an arbitrator, and he is currently an Adjudicator in Singapore's Financial Industry Disputes Resolution Centre (FIDReC) and has been appointed to the Singapore International Arbitration Centre (SIAC) Panel of Arbitrators. 

About the Chairman: 

Glenn Cheng FSIArb FMIArb is based in the Norton Rose office in Singapore. He specializes in the field of oil and gas, and civil and marine engineering projects, as well as international construction and arbitration laws. Glenn has consistently been commended in leading industry publications in South East Asia, Hong Kong and USA as leading practitioner in the Asia-Pacific region for his work in the field of international construction law and international arbitration laws. Glenn holds Fellowships with the Singapore Institute of Arbitrators (SIArb) and the Malaysian Institute of Arbitrators (MIArb). He also sits on the panels of Arbitrators in the Dubai International Arbitration Centre (DIAe) and Singapore International Arbitration Centre (SIAe). Glenn advises and represents clients in a full service capacity involving front-end contract and transactional issues, strategic dispute management, as well as appearing in formal proceedings as solicitor, Counselor Arbitrator. 

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