The Securities and Exchange Commission of Pakistan (SECP) hosted a delegation from the US Department of Commerce’s Commercial Law Development Program (CLDP) to discuss cooperation on developing an effective system for early, out-of-court resolution of corporate disputes aimed at improving the business environment and investor confidence. Discussions covered the possible establishment of a dedicated Alternative Dispute Resolution (ADR) Centre in Pakistan, drawing on international models including Singapore’s Financial Industry Disputes Resolution Centre (FIDReC), which uses structured mediation and adjudication for consumer financial disputes. SECP outlined its existing and prior ADR initiatives, including a Small Dispute Resolution Committee in the insurance sector, and its broader vision to expand ADR frameworks across corporate and financial sectors to deliver more timely and cost-effective dispute resolution and reduce pressure on the courts.
Securites & Exchange Commission of Pakistan 2026-01-29
Securities and Exchange Commission of Pakistan explores cooperation with the US Commercial Law Development Program on establishing an alternative dispute resolution centre
The Securities and Exchange Commission of Pakistan (SECP) engaged with the US Department of Commerce’s Commercial Law Development Program to explore cooperation on developing an early, out-of-court corporate dispute resolution system, potentially establishing an Alternative Dispute Resolution Centre in Pakistan. Discussions included international models like Singapore’s Financial Industry Disputes Resolution Centre, with SECP highlighting its vision to expand frameworks for efficient dispute resolution.