KATHMANDU, DECEMBER 12
Prime Minister KP Sharma Oli has emphasized that Nepal could be developed as a credible hub for international dispute resolution.
He made this remark while inaugurating a conference on arbitration pertaining to industrial and commercial contracts as well as civil disputes.
The event was organized by the Nepal International ADR Centre (NIAC) in collaboration with the Asia Pacific Centre for Arbitration and Mediation (APCAM) and Nepal Rastra Bank on Thursday.
Prime Minister Oli reiterated Nepal's commitment to resolving international disputes.
"Nepal has demonstrated its adherence to ADR standards by signing the New York Convention and the Singapore Convention," he stated, highlighting the nation's active participation in international conventions on alternative dispute resolution (ADR).
Expressing his hopes for the conference titled 'ADR Week on Green Arbitration: Save Himalaya, Save Earth for Future Generations,' the Prime Minister remarked that it would serve as a significant platform for advancing discussions on dispute resolution.
The event brought together representatives from various international organizations, industrialists, and experts, reflecting its global relevance and importance.
(With inputs from Rastriya Samachar Samiti)
