Symposium on Commercial Mediation by International ADR Centre
View(s):The International ADR Centre Sri Lanka (IADRC), will hold its annual Symposium on Mediation for Commercial Dispute Resolution on January 29 at the Courtyard by Marriott, Colombo.
While mediation has become popular globally as a meaningful dispute resolution method for the resolution of a variety of categories of disputes, and several international bodies have adopted their own institutional rules and provide mediation services, the concept and process is, as yet, a novelty to the Sri Lankan private sector. Titled “Mediation – collaborating to resolve disputes”, the Symposium will discuss a variety of subjects that will explain how it differs from litigation and arbitration, the unique feature of its non adversarial approach respecting party autonomy and the prospects it offers to reduce delay and expense and savings for the State, IADRC said in a media release.
Sri Lanka was the 14th country to ratify the UN Convention on International Settlement Agreements Resulting from Mediation (NY, 2018) popularly known as the Singapore Convention on Mediation, and has enacted domestic legislation – the Recognition and Enforcement of International Settlement Agreements Resulting from Mediation, Act No. 5 of 2024. The statute provides for a legal regime to enforce international mediated settlement agreements. This is an initiative that will contribute to improving Sri Lanka’s doing business profile and will be a boost to attract investment.
Symposium 2025 is conducted through The Support to Justice Sector Project (JURE), funded by the European Union, jointly implemented by the UNDP and UNICEF Sri Lanka and facilitated by the Ministry of Justice.
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