Government has invited comments on the draft Arbitration and Conciliation (Amendment) Bill, 2024. The Law and Justice Ministry said the government has taken several steps to strengthen the dispute resolution environment in the country and to promote ease of doing business. The Ministry said the Department of Legal Affairs is presently in the process of considering further amendments to the Arbitration and Conciliation Act 1996.

The aim and purpose of the bill are to provide further boost to institutional arbitration, reduce court intervention in arbitrations, and ensure timely conclusion of arbitration proceedings. The department has invited comments from the public by the 3rd of next month.