KATHMANDU: Prime Minister KP Sharma Oli has suggested that Nepal could become a key location for international dispute resolution, emphasizing the nation’s commitment to alternative dispute resolution (ADR) standards during the inauguration of an arbitration conference.
According to National News Agency Nepal, PM Oli addressed the gathering at the conference on arbitration related to industrial and commercial contract and civil disputes, organized by the Nepal International ADR Centre (NIAC) in partnership with the Asia Pacific Centre for Arbitration and Mediation (APCAM) and Nepal Rastra Bank. He highlighted Nepal’s engagement with international conventions, citing the country’s adherence to the New York Convention and the Singapore Convention as evidence of its dedication to ADR practices.
The Prime Minister expressed his hopes for the conference, titled ‘ADR Week on Green Arbitration: Save Himalaya, Save Earth for Future Generation’, to stimulate meaningful discussions on dispute resolution. The event h
as drawn participation from representatives of international organizations, industrialists, and experts, reflecting a broad interest in Nepal’s potential role in global arbitration.