CCC-ICLP ADR Center Director Dhara Wijayatilake and ICC Chairman Dinesh Weerakkody signed the agreement on behalf of the institutions. Also pictured: ICC Secretary Shanil Fernando, ICC Treasurer Sheanath de Soysa, and CCC-ICLP ADR Center Director Shehara Varia
The International Chamber of Commerce Sri Lanka and the CCC-ICLP ADR Center – a joint venture between the Ceylon Chamber of Commerce and the Institute for the Development of Commercial Law and Practice – signed a Memorandum of Understanding to promote and facilitate local and international arbitration facilitation and alternate dispute resolution co-operation in furthering and supporting the interests of the two institutions and their respective memberships, with the object of promoting, development and facilitating of Alternate Dispute Resolution (ADR) in Sri Lanka.
The International Chamber of Commerce – the institutional representative of more than 45 million companies in over 130 countries – has a rigorous approach, efficient processes and practical rules that cover every contractual issue, which have made ICC the leading arbitral institution globally with teams across the globe. As of 1 March 2017, the ICC Rules of Arbitration are used all around the world to resolve disputes.