Sri Lanka’s cabinet of ministers has granted approval for establishing a new commercial high court, a spokesman said on Tuesday.
Addressing a press conference, cabinet spokesman Bandula Gunawardena said there is a need for swift resolution of commercial disputes, citing existing delays in legal proceedings.
Gunawardena said that to address this concern and foster a more conducive investment environment for the country’s development goals, the establishment of a commercial high court has been deemed essential.
He said the proposed court will possess both first-instance and appellate jurisdiction over commercial disputes.
