Centre to help firms resolve disputes

Posted On Wednesday, 07 March 2012 02:00 Published by
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A joint project has been launched by the Cape Chamber of Commerce and the University of Stellenbosch Business School to help local businesses manage risks.

CAPE TOWN — A joint project has been launched by the Cape Chamber of Commerce and the University of Stellenbosch Business School to help local businesses manage risk and to make use of alternative dispute resolution mechanisms when dealing with other local, and international, businesses.

The launch of the African Commercial Dispute Settlement Centre comes as the Department of Justice and Constitutional Development gears up to launch a pilot project next month at nine regional courts and five high courts, aimed at resolving conflict through mediation.

The centre is a partnership between the Cape Chamber of Commerce, the Africa Centre for Dispute Settlement at the University of Stellenbosch Business School, and Equillore, a provider of commercial dispute settlement services. Seed capital for the centre was provided by the Western Cape economic development and tourism department.

Cape Chamber of Commerce executive director Viola Manuel said the centre would have a significant effect on business in the region, and would go a long way in assisting businesses manage risk and operate confidently both locally and internationally.

Barney Jordaan, head of the Africa Centre for Dispute Settlement, said it was becoming increasingly important for business to engage proactively in alternative dispute resolution as part of their business ethos.

Mr Jordaan said the centre would prove beneficial for businesses across the continent.

“This (centre) will play a big part in local businesses successfully engaging with global players, who themselves prefer partnering with companies and countries who are committed to alternative dispute resolution,” he said.

The centre was building on its panel of mediators to ensure clients would have access to a “national pool of skills”, he said.

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Source: Business Day


Publisher: I-Net Bridge
Source: I-Net Bridge

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