Convener Lahore Chamber of Commerce and Industry -IFC Mediation Centre urges members to bring their disputes to Mediation Centre for their out-of-court settlement

Convener Lahore Chamber of Commerce and Industry -IFC Mediation Centre urges members to bring their disputes to Mediation Centre for their out-of-court settlement

 

Lahore, February 08, 2013 (PPI-OT): The Convener LCCI-IFC Mediation Centre Engineer Sohail Lashari on Friday urged the LCCI members to bring their disputes, if any, to LCCI Mediation Centre for their out-of-court settlement as all rules and regulations to this regard have been finalized.

Engineer Sohail Lashari said that since the Mediation Centre has now been fully operationalised, therefore, the LCCI members who have their disputes their global partners should approach this centre as it is accredited by International Finance Corporation (IFC) of the World Bank Group.

The LCCI Convener was talking to IFC Representative Ms Reshma Aftab here at the Lahore Chamber of Commerce and Industry. Engineer Sohail Lashari said that the Mediation Centre has been established to help private sector companies resolve disputes quickly and easily as in commercial courts, cases are often expensive and take a long time. Businesses are often hindered by long and costly court procedures and the LCCI Mediation Centre will help them resolve disputes amicably, allowing them to devote more resources to growing and creating jobs.

Sohail Lashari said that the centre is a historic achievement for the business community of Lahore, adding that the scope of this centre would be extended to other chambers of commerce in Punjab by signing memoranda of understanding with them, according to the statement.

“We will also communicate to the regional and international business community through their relevant government officials, leading chambers, sector associations, banks, multilateral development institutions and diplomatic missions.” Lashari said that it is a giant leap in terms of building a world-class platform at the Lahore Chamber for efficiently resolving the business disputes.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854

 
 
 

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