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Sri Lanka Elected To Uncitral

The Sri Lanka National Arbitration Centre is pleased to receive the news that Sri Lanka was elected to the United Nations Commission on Internation Trade Law (UNCITRAL) by the United Nations General Assembly on 20th November 2024, for a six year term. (Ref: Sri Lanka elected to the UN Commission on International Trade Law – Ministry of Foreign Affairs – Sri Lanka)

UNCITRAL is the main legal body in the field of International Trade and promotes harmonization of Trade and Investment Laws and other legislation such as Arbitration.This is a significant development for the country in its quest to expand International Trade, Investments and Exports and facilitate dispute resolution mechanisms regionally and internationally. Accordingly, there would be enhanced opportunities for enhancing the Rule of Law, Contractual and Arbitration Laws based upon UNCITRAL Model Law and other legislation.

The Sri Lanka National Arbitration Centre (SLNAC) is a pioneering institution promoting and recommending the UNCITRAL Arbitration Rules mechanism for the resolution of Trade disputes. It also has embarked on an Expedited Arbitration rules mechanism based upon the UNCITRAL expedited rules. SLNAC Chairman Mr. Hiran De Alwis strongly advocates for the adoption of the UNCITRAL Arbitration Rules as a credible dispute resolution platform and the best mechanism for an amalgam of Common and Civil Law Jurisdictions. SLNAC having adopted the UNCITRAL Arbitration Rules is a facilitator of arbitrations in the region.

With new legislation such as the Electronic Transactions Act, the Port City Commission Act and other initiatives for cross border trade, this is also an opportune time for the Country to adopt more robust mechanisms for promoting International Trade including an internationally recognized framework for dispute resolution.

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