ICLP ARBITRATION CENTRE

HISTORY

The ICLP Arbitration Centre (Centre) which was set up in 15th March 1996, is a separate body of the Institute for the Development of Commercial Law and Practice (ICLP) which is a corporate body established in 1992, under the Companies Act No.17 of 1982 of Sri Lanka, and is the only institutional arbitration centre in Sri Lanka.

The ICLP is a non- profit organization funded by some of the leading private sector Companies in Sri Lanka and was incorporated inter alia to assist the Government of Sri Lanka to create and develop the infrastructure necessary for Sri Lanka through a market economy. Among its primary objects were the advancement of Commercial Law, its administration and practice, imparting knowledge and diffusion of information thereon, and establishing and operating an arbitration centre of international standards to resolve commercial disputes.

The ICLP assisted the Government of Sri Lanka to enact a modern arbitration law ( Arbitration Act No.11 of 1995 ) with the assistance of the SWEDECORP (Swedish International Enterprise Development Corporation) and the SILD ( Swedish Institute for Legal Development) and thereafter set up the Centre in Colombo with their assistance.

 

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