Experts lay emphasis on ADR for downsizing case backlog
Legal and economic experts at a seminar today laid emphasis on alternative dispute resolution (ADR) for downsizing the backlog of cases, settling the disagreements outside the courtroom.
“The magnitude of unresolved trade and business disputes and litigation are on the gradual rise. Informal but globally recognized outside-court settlement process is a milestone and proven success in many countries downsizing the number of civil, criminal and business related cases,” said Law, Justice and Parliamentary Affairs Minister Anisul Huq.
The minister, also an eminent jurist, came up with the observation while addressing a seminar on “The Role of SARCO as an Arbitration Center in the Region” at DCCI Auditorium in the city.
Jointly organized by Bangladesh International Arbitration Centre (BIAC), Dhaka Chamber of Commerce & Industry (DCCI) and SAARC Arbitration Council (SARCO), the seminar was conducted by DCCI president Hossain Khaled.
SARCO director general Thusantha Wijemanna made a power-point presentation on “Importance of SARCO as Regional Arbitration Center”.
While making a presentation on the future of arbitration in Bangladesh, former attorney general Barrister Fida M Kamal said, “Over the last several years, Bangladesh had a consistent economic growth at the rate of more than 6 per cent of its GDP.
“Bangladesh is now poised to further growth where substantial investments in infrastructure development, readymade garments (RMG) and its linkage industries are expected.
“In this scenario, disputes arising out of these emerging business transactions will require quick and efficient resolution to the reasonable satisfaction of all parties concerned. Arbitration is more likely to be called in to render services in this regard,” he added.
BIAC chairman Mahbubur Rahman addressed the seminar as special guest. At the end of the seminar, a memorandum of understanding (MoU) was signed between BIAC and SARCO.