ICLP conducts 15th anniversary award ceremony

Sarath MALALASEKERA

The Institute for the Development of Commercial Law and Practice (ICLP) conducted its 15th anniversary award ceremony at the BCIS Auditorium at the BMIC yesterday.

The Chief Guest and the Guests of Honour at the head table. Picture by M Chandradasa

The Chief Guest was President’s Counsel K Kanag-Isvaram. Guests of Honour were Supreme Court Judge Justice Saleem Marsoof PC, Supreme Court Judge P A Ratnayake, ICLP Secretary General S S Wijeratne, outgoing ICLP Chairman Desamanya C P de Silva and ICLP Chairman U L Kadurugamuwa. ICLP is a private sector supported institute, set up in 1992, for the purpose of developing commercial law in Sri Lanka. The ICLP assisted the Government of Sri Lanka to enact a modern arbitration law and established an arbitration centre with the co-operation and financial assistance of the Government of Sweden.

The Arbitration Centre of the ICLP being the only institutional arbitration centre in Sri Lanka has proven to be an invaluable tool for private sector companies in Sri Lanka for conflict resolution. The rules, which govern the ICLP Arbitration Centre, are almost identical to UNCITRAL Model Law and Rules of the Stockholm Chamber of Commerce with only minor amendments to conform to Sri Lanka Arbitration Act of 1995. The centre deals with adhoc arbitrations and arbitrations in accordance with ICLP Arbitration centre rules, catering to domestic and international arbitrations.

Thirty five winners of the diploma in Commercial Arbitration received their -Merit pass- awards from the Chief Guest and the other officials.

Eight students who followed the ICLP-CCC Certificate course on Shipping Law and practice received Merits awards. Eleven received ordinary pass awards.

Five received certificate of participation awards from the Guests of Honour.

ICLP Chief Executive Officer Hemamali Amarasinghe conducted the proceedings and Course Registrar Shaheema Fazly delivered the vote of thanks.