The Government of Guyana is pressing ahead with its plans to utilise arbitration as a viable alternative to litigation to settle disputes and a unit has been established to liaise with the judiciary and other stakeholders.
The Ministry of Legal Affairs in a release yesterday stated that the government will this year enact a Model Arbitration Bill in keeping with its stated commitment to create a modern platform for arbitration as an effective method of settling commercial and other disputes in Guyana. It further noted that in 2023, the government will continue to offer capacity building by training and education to familiarise stakeholders with the concept, operational value, and benefit of arbitration, in the context of the impending legislative framework.
