ICCSL hosts third ICC Arbitration and Mediation Conference

International Chamber of Commerce Sri Lanka (ICC Sri Lanka) hosted its third annual Arbitration Conference at the Galadari Hotel in Colombo recently.

The International Chamber of Commerce (ICC Paris) is celebrating 100 years of the ICC International Court of Arbitration this year and this year’s Arbitration Conference delved into many topics including the ‘Advantages & Disadvantages of Arbitration and commercial Mediation in Sri Lanka,’ bringing together legal experts, practitioners, scholars, and business leaders to foster insightful discussions.

ICC Sri Lanka Chairman Anthony Shanil Fernando said; “This year the ICC Sri Lanka Arbitration Conference was a resounding success. We had over 180 participants with nine eminent local and internationals speakers from Singapore Malaysia and India including Justice Priyantha Jayawardhane PC, who spoke to the audience on the ‘Enforcement Settings Aside from Arbitration Awards.”

“As the country seeks to strengthen its position as a regional hub for international business and investment, understanding the benefits and challenges of arbitration is crucial. The conference was a platform to provide a comprehensive analysis of the various facets of arbitration and shed light on its implications for businesses and the legal community.”

ICC Paris Secretary General John Denton and Claudia Salomon President of ICC Court of Arbitration Paris addressed the gathering. The focus on topics such as the enforcement of arbitral awards, cost-effectiveness, confidentiality, procedural flexibility, and potential challenges.

The conference was also a networking opportunity to network leading local and international legal practitioners, arbitrators, business leaders, and government officials, fostering collaborations and facilitating knowledge exchange.

“Beyond its core role in trade facilitation, ICC Sri Lanka is actively engaged in matters concerning responsible business conduct, corporate social responsibility, and sustainable development. By championing ethical business practices, ICC emphasises the need for businesses to operate responsibly, considering the well-being of societies and the environment.”

Ease of international trade is very significant to the world economy as it not only results in increased efficiency but also allows countries to participate in a global economy, encouraging the opportunity for foreign direct investment (FDI).”

The speakers and panelists at the conference included Justice Priyantha Jayawardena, PC, Judge of the Supreme Court; Vikum de Abrew, PC, Additional Solicitor General AG’s Department Sri Lanka; Dinal Phillips, PC, Member of the ICC International Court of Arbitration; Viveka Siriwardena, PC, Additional Solicitor General AG’s Department; Dr Harsha Cabral, PC, Former Member ICC Court of Arbitration; Dato Jude Benny, Founding Partner, Joseph Tan Jude Benny LLP, Tejus Chauhan, Regional Director for South Asia, ICC Arbitration & ADR, ICC Dispute Resolution Services Singapore, Anand Mujmudar Advocate from Gujarat, India and Shanil Fernando AAL, MBA, MSiArb, Chairman ICC Sri Lanka. Foreign panelists also spoke.

The ICC Sri Lanka is part of the ICC, bringing international Gold standards that are accepted in most countries. The ICC is present in 170 countries and focuses on the digital economy, sustainability and climate action, global trade, Integrity and good governance. It is the only business organisation to have observer status in the United Nations.

ICC Sri Lanka Arbitration Conference was sponsored by the Colombo Stock Exchange, Aitken Spence PLC, DIMO PLC, National Development Bank PLC, OTR Wheel Lanka Engineering and TAIAN Lanka Steel Company.

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