Lahore Chamber Of Commerce And Industry (LCCI) To Mediate Its First Ever Business Case
The Lahore Chamber of Commerce and Industry is to receive its first ever business dispute case for mediation. The Lahore High Court made the choice of referral amid the current visit of Chief Justice Lahore High Court Syed Mansoor Ali Shah to the Lahore Chamber of Commerce and Industry. The case that has been directed to the LCCI is one of compoundable offence where the complainant (the one who has filed the case), has entered into a compromise and has agreed to have the charges dropped against the accused. The defending party has been charged under Section 489-F of the Pakistan Penal Code (PPC). Both sides involved in the case are business entities.
It is a noteworthy leap forward in terms of the collaboration of the judiciary and private sector. LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa and Vice President Muhammad Nasir Hameed Khan, in a recent announcement said they were delighted that the idea of judiciary and private sector collaborating had worked out as expected.
The directive sent to the LCCI by the Lahore High Court says that the petitioner present in court is at freedom to send an application to the Chairman Standing Committee, Mediation Center, Lahore Chamber of Commerce and Industry. The validity of the petition is of three days. After the receipt of this request the LCCI is to conduct workings within a month.
The essential reason for this initiative is to help national and international business groups with litigation problems. It tackles the delays and money involved in in-court settlements and is thus a convenient tool for businesses to make use of.
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