Govt reforming dispute resolution
By Ruth Mutegi
Attorney General Githu Muigai says the government is in the processes of implementing and reforming arbitration and dispute resolution laws in Kenya, to make the country more attractive to investors.
The Attorney General says the current prospects for oil and gas mining in the country have in particular necessitated the review of arbitration laws.
In 2012, the Nairobi Center for International Arbitration was established by an act of parliament which came into effect last November, aimed at winning investor confidence by providing a platform for dispute resolution here at home.
The process will bring business dispute before a disinterested third party for resolution.
The third party who is an arbitrator hears the evidence brought by both sides and makes a decision. Sometimes that decision is binding on the parties.
This makes it primary to investors.