Seminar by SAARC Arbitration Council to focus on debt recovery

Sinhaputhra Finance PLC, in collaboration with the SAARC Arbitration Council is organizing a seminar mainly to discuss how to adopt arbitration as a litigation process for a speedier recovery method specially in debt recovery, be it in the Banking and Finance sector or in any other sector which has debt recovery issues.

The Seminar will be held on 23 September, at the Sinhaputhra Finance PLC Auditorium, Kandy. It will be organized by SAARC Arbitration Council, Islamabad (SARCO) Director General Thusantha Wijemanna who has been a much sought after speaker at Banking and Finance company seminars since the early 1990s.

SARCO is a specialized body of the South Asian Association for Regional Co-operation (SAARC).   Member States comprise of the Islamic Republic of Afghanistan, People’s Republic of Bangladesh, The Kingdom of Bhutan, Republic of India, Republic of Maldives, Federal Democratic Republic of Nepal, Islamic Republic of Pakistan and Democratic Socialist Republic of Sri Lanka.

SARCO provides a legal framework/forum within the region for fair and efficient settlement of commercial, industrial, trade, banking, investment and such other disputes, as may be referred to, while acting as the coordinating agency in the region for promoting Arbitration and Conciliation as a dispute resolution mechanism.

The Chief Guest will be K. Kanag-Isvaran P.C. who may be known as ‘The father of Arbitration in Sri Lanka’  a distinguished senior lawyer who has written widely on the subject, including publishing the only available book on this procedure in Sri Lanka.
Speakers at this seminar will be High Court Judge K. Kanag-Isvaran P.C., Mohan Weerakoon P.C.,  Attorney-at-Law Kaushalya Nawaratne, SARCO Director General Thusantha Wijemanna, Sinhaputhra Finance PLC Managing Director Ravana Wijeyeratne and SARCO’s Faazaan Mirza.

The seminar is suited for CEOs, Heads of Legal and Heads of recoveries of Banks, Finance Companies, and other large companies saddled with debt recovery as a central concern.