Business
Sri Lanka upgrading its dispute resolution regime and doing business environment to attract FDI
by Sanath Nanayakkare
South & Central Asia Alternative Dispute Resolution (ADR) Center’s country-specific exchanges and international arbitration practitioner training took place at Taj Samudra Colombo on October 19 and 20. The ADR series will mark its successful culmination today in a Symposium, featuring regional experiences by users of Arbitration and Mediation for commercial dispute resolution.
The event provides a forum to foster an exchange of experiences and discuss international best practices and methods of enhancing the quality of Alternative Dispute Resolution services. The Symposium also provides an opportunity to learn more about the value of mediation, the 2018 Singapore Convention on mediation, and to discuss how issues in the delivery of ADR services can be overcome.
A session dedicated to discussing the role of ADR in conflicts relating to investment matters will feature experts who will speak of their experiences from the perspectives of government as well investor. The ADR events on the past two days saw regional representatives of ADR Centers exchanging views and sharing experiences on the use of ADR services in their countries.
The objective of the formation of such a Collective is to provide a forum to network and cooperate to improve and enhance skills and practices and also ensure the maintenance of standards that are relevant in the ADR landscape, including Arbitration and Mediation, to promote better dispute resolution.
The overseas representatives exchanged their insights on ADR during the session held on 19th October.On 20th October they conducted an international Arbitration Practitioner Training.The series was organised by Commercial Law Development Program (CLDP), United States Department of Commerce and CCC-ICLP International ADR Center, Sri Lanka, in coordination with the Department of State, United States Embassy in Sri Lanka.
CLDP is a legal technical assistance office within United States Department of Commerce. Created in 1992, CLDP’s mandate is to work with emerging economies to improve the policy, legal, and regulatory conditions for trade, investment, and commercial activity. CLDP provides legal technical assistance, legislative and policy advisory services, and institutional capacity building to host country governments in support of their economic development goals.
IADR Center, Sri Lanka is a private, not-for-profit entity which provides dispute resolution services in the commercial dispute arena. Incorporated in 2018, it is a collaborative venture of the Ceylon Chamber of Commerce (CCC) and the Institute for the Development of Commercial Law & Practice (ICLP). The Center has its own rules for the provision of Arbitration as well as Mediation services and engages widely in promoting ADR and building capacity among ADR practitioners.
It is also expected that the South & Central Asia ADR Collective will be launched at today’s event. The objective of the formation of such a Collective is to provide a forum to network and cooperate to improve and enhance skills and practices and also ensure the maintenance of standards that are relevant in the ADR landscape, including Arbitration and Mediation, to promote better dispute resolution and local doing business environment.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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