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Dedicated Dispute Resolution Centre for Port City

14 Jun 2021

  • Centre to appear for tax appeals and small claims

By Imsha Iqbal   A Dispute Resolution Centre is expected to be established within the Colombo Port City (CPC), according to CHEC Port City Colombo (Pvt.) Ltd. Assistant Managing Director Thulci Aluwihare.  He made this statement during the first plenary session, titled “Port City Colombo – the gateway to South Asia”, on day two of the virtually-held Sri Lanka Investment Forum 2021. The aforesaid resolution centre will be established to resolve commercial disputes that arise with regard to operations within the Port City, he explained.  Further, the CPC dispute resolution centre would also be given the power to determine any type of commercial case in Sri Lanka, and would accordingly appear for tax appeals and small claims, as well as at the Commercial Appeal Court in a dispute situation.  Aluwihare noted that CHEC Port City Colombo (Pvt.) Ltd. aims to build a “world class city for South East Asia”. He believes that initiating the enhancement of the ease of doing business will further “augment the attractiveness of the country in doing business in comparison to major hubs such as the ones at Singapore, Hong Kong, and Dubai”.   Further, Sri Lanka, having been ranked as having the most affordable “tech talent '' in the Asia-Pacific Region, has deliberately created the pathway for such investments, Aluwihare said, while adding that Sri Lanka has a “plethora” of investment opportunities with a place “to work, to live, and to play”.  The CPC project is Sri Lanka’s largest public-private partnership project with the People's Republic of China, with an investment value of $ 1.4 billion. It is located on a land extended from Colombo city, and is considered Sri Lanka’s first multi-service economic zone.  


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