Nepal As Seat Of Commercial Arbitration

Nepal has, for some time now, been highlighted as the potential seat of internal commercial arbitration in South Asia, if not in the world. Speaking at an international conference organised by Nepal International ADR Centre (NIAC) at Godavari, Kathmandu, not very long back, Prime Minister KP Sharma Oli had talked of the natural and cultural gorgeousness of Nepal as the prerequisite to qualify this country as a seat of resolution of international commercial disputes, especially negotiation, mediation, and arbitration. He had also committed to make necessary amendments to the laws to adapt them to the needs of expedited arbitration in the country.