Bill proposed to enact the Recognition and Enforcement of International Settlement Agreements Resulting from Mediation Act, 2023 (dated 31/01/2024) – Ministry of Finance, Economic Stabilization and National Policies

  • 05th, February 2024
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– Bill proposed to enact the Recognition and Enforcement of International Settlement Agreements Resulting from Mediation Act, 2023 (dated 31/01/2024) – Ministry of Finance, Economic Stabilization and National Policies.

  • The Ministry of Finance, Economic Stabilization, and National Policies has proposed a bill to establish a legal framework for international mediation settlements under the Convention. The purpose is to reduce the number of disputes that lead to the termination of commercial relationships. This move is expected to contribute to the development of harmonious international economic relations etc. Please refer the bill for more details.
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