Close Menu
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram LinkedIn
Nairobi Business Monthly
Subscribe
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Nairobi Business Monthly
Home»Politics»Alternative dispute resolution can help solve complex cases
Politics

Alternative dispute resolution can help solve complex cases

NBM CORRESPONDENTBy NBM CORRESPONDENT29th September 2022Updated:29th September 2022No Comments2 Mins Read
Facebook Twitter WhatsApp Telegram Email
Share
Facebook Twitter WhatsApp Telegram Email

High growth companies, especially financial services providers should consider the issue of costs and speed when picking between arbitration and litigation, according to policy makers, arbitration practitioners, enthusiasts, and private sector players who form the consumer market for arbitration and Alternative Dispute Resolution (ADR) in Kenya.

During the Kenya chapter of second International Chamber of Commerce (ICC) conference on arbitration and ADR that was recently held in Nairobi, it was evident that the nascent “dispute resolution” industry is shaping for take-off, driven by the surge in international trade and investments in the region. 

This is on the back of increased business innovation, government spending on infrastructure projects, and the opening of new markets and industries that have sprung unprecedented legal and corporate challenges, leading to the uptake of ADR and Arbitration in place of litigation that is seen to be more costly.

The Nairobi Law Monthly September Edition

Aleem Visram who is the chairperson of ICC-Kenya, Commission on ADR and Arbitration, says there is need to grow the number of local practitioners through training and capacity building around emergent sectors such as block chain driven online trade characterized by greenfield opportunities and cutting across multiple jurisdictions among other areas. 

He cites digital or smart contracts executed automatically without human interventions once entered into, traded digital assets such as cryptocurrencies and non-fungible assets (NFTS), as examples of technologies that would be useful for practitioners in the dispute resolution space.

“In addition to sensitizing the private sector on ADR, its opportunities and advantages, this year’s conference also sets the stage for Kenyan ADR and arbitration practitioners to engage directly with the International Court of Arbitration and progress towards their professionalization in international ADR practice,” said Visram.  

The Nairobi Law Monthly September Edition
Follow on Facebook Follow on X (Twitter) Follow on WhatsApp
Share. Facebook Twitter WhatsApp Telegram
NBM CORRESPONDENT

Related Posts

Backlog of 70 million Kilogrammes of unsold tea casts gloom over Kenya

19th August 2024

Diplomats discuss changing leadership of Palestinian Authority — NYT

28th January 2024

Cabinet approves single bank account for all government cash

15th January 2024

University don says Taiwan election is ‘choice between peace and war’

12th January 2024
Add A Comment

Comments are closed.

The Nairobi Law Monthly September Edition
Latest Posts

Plan unveiled to shield Kenyans from financial risks

26th June 2025

CAK bans exclusive ISP deals in housing estates

24th June 2025

Visa applicants warned over early appointment scams

24th June 2025

Entrepreneurship can build better tomorrow

23rd June 2025

16 million non-filers spark tax crackdown by KRA

23rd June 2025
The Nairobi Law Monthly September Edition
Nairobi Business Monthly
Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Member Content
  • Download Magazine
  • Contact Us
  • Privacy policy
© 2025 NairobiBusinessMonthly. Designed by Okii

Type above and press Enter to search. Press Esc to cancel.