Sri Lanka has agreed to follow the United Nations Commission of International Trade Law for purposes of arbitration. This is also followed in 130 other countries.

However the benefit of a faster, cost effective and confidential system has not been marketed sufficiently.

The National Chamber of Commerce (NCCSL) has initiated a programme to educate the corporate sector of benefits from this system which will provide maximum benefits for two or more Parties who are facing issues connected to business.

Unlike presenting such cases at courts of law where one party will win, arbitration can mutually benefit both parties.

The business community of Sri Lanka has yet to fully utilize the services at the Sri Lanka National Arbitration Centre (SLNAC), which the NCCSL hopes will happen in the near future.