English | دری

Afghanistan’s first ever Dispute Resolution Center opens in Kabul

in Afghan Business

Afghanistan’s first ever Dispute Resolution Center opens in Kabul

The Afghanistan Center for Commercial Dispute Resolution (ACDR) was officially inaugurated on Tuesday in Kabul.

The first center of its profile in Afghanistan, ACDR is open to provide domestic and international mediation services, calculation services (and will provide arbitration services in the near future) for commercial disputes in Afghanistan.

The purpose of ACDR is to to simplify the contract enforcement, shorten the length of dispute settlements through mediation mechanisms as much as possible and reduce the cost of dispute resolution from the current 25% of total claimed amount to an affordable level.

According to the World Bank/IFC Doing Business Report 2014, contract enforcement in Afghanistan involves 47 procedures and takes over 1642 days. An average of 25% of the claimed amount is spent on dispute settlement in the formal justice system. The realities of the existing contract enforcement clearly demonstrate inefficiencies in the court system. Lack of effective contract enforcement serves as a crucial disincentive for investment by domestic and international investors, adversely impacting job creation and revenue generation.

The initiative is taken by Afghanistan Chamber of Commerce and Industries (ACCI) with financial support from Harakat-Afghanistan Investment Climate Facility Organization (AICFO).

Harakat– AICFO has provided $1.8 million funding and technical assistance to establish the ACDR, from its systems and staffs to a brand new building.



Related Articles

Education of Afghans in Iran is the highest education of refugees in the world

According to Fars News Agency, over 118,000 Afghan students are currently attending schools in Tehran province of Iran. Director-General of

Taliban stealing DABS income through fake electricity bills

Da Afghanistan Breshna Sherkat (DABS), the national electricity company, officials have claimed that Taliban are stealing incomes the company’s income

Thousands benefit from development projects in Zabul districts

The National Solidarity Program of the Ministry of Rural Rehabilitation and Development (MRRD/NSP) recently completed 22 development projects in the

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*