Alternative Dispute Resolution Good News for Business
Alternative Dispute Resolution (ADR) is an important step towards a thriving economy,” says Director of the Karachi Centre for Dispute Resolution, Dr Zafar Ahmad Khan Sherwani. He provides answers to many of the economic issues of Pakistan. Alternative dispute resolution, if described in simple terms means negotiation, arbitration or conciliation/ mediation.
After the Second World War, the role of the World Trade Organization’s dispute settlement body as a mediator between countries has produced significant results in the international arena where trade issues related to services, investment and intellectual property are concerned. The inclusion of TDAP’s Mujeeb Khan among the panelists of WTO’s Dispute Settlement Body adds to the recognition of ADR as a vital disputes pending in courts, suffering from the fact that there are a limited number of judges tackling all the dispute complexities.
Alternative dispute resolution, as claimed by Dr Sherwani, demands a maximum period of three months for mediation and a
The provision of ADR experts to businesses, law firms, international organizations and NGOs by the ADR Pakistan Alliance can be termed as a positive foundation, businesses need to turn towards the alliance at an increased pace.
Mujeeb Khan, as the head of TDAP’s WTO cell, suggests the importance of negotiations under Dispute Settlement for sustained projections of gain and loss in both the public and private sectors. This proposition is important for Pakistan, inviting multilateral trade agreements with countries offering more aggressive markets.
Alternative dispute resolution will strengthen the communication lines among businesses. If small enterprise owners are provided with proper knowledge of the process then out-ofcourt negotiations will provide progressive energy to Pakistan’s economy. contribution to Pakistan’s trade practice.
The major requirements of the Pakistani economy appear to be the saving of resources. This is supported by the explanation provided by Dr Sherwani that ADR is an amicable means of settling disputes, as it is a mechanism to save time and money. There are countless trade few hours for final resolution. This practice has been adopted by developed countries as a successful mode of conflict resolution. In Pakistan, however, minor infringement cases have not been handed decisions for decades. Such a scenario is harmful for small and medium enterprises that have their capital stuck in long litigations.
There is a great potential for bringing together business leaders on critical trade issues and initiating a consultative process on trade treaties for a sustained economy. Adoption of ADR may inject a good governance factor at the national level, enabling efficient access to the global market