Alternative dispute resolution methods were discussed at a meeting between the PPD Minister and representatives of the Cyprus Federation of Building Contractors' Associations (OSEOC).
The issue of arbitration and adjudication as tools for the rapid resolution of disputes was raised at the dialogue table.
On the issue of arbitration, the Minister informed the representatives of the Ministry's intention to proceed with the modernisation of the institution in the near future.
At the same time, the Minister informed the OSEOC about the establishment and operation of the Commercial Court, which will hear, inter alia, cases concerning serious disputes in the construction sector.
Finally, the Minister, after stressing the need to strengthen confidence in alternative dispute resolution methods, thanked the representatives of the federation for the fruitful exchange of views.
(NΓ/ΣΧ)
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