DILI, 02 march 2021(TATOLI) – The national parliament commission A which deals with the Constitutional affairs and justice has approved the legal regime of voluntary arbitration.
According to the statement cited at the Government page,The voluntary arbitration for law proposal was approved on February 12th and it makes the first amendment to the civil procedure Code which is approval on February 22nd, 2021 by the national parliament plenary.
The civil procedure codes with was approved by National parliament with the voting result in 36 agrees, 5 abstentions and 6 against.
The plenary season was attended by the minister of the presidency of the council of Ministers, Fidelis Manuel Leite Magalhães and the Minister of Justice, Manuel Cãrceres da Costa.
“The proposal of legal regime voluntary aimed to guarantee the improvement and strengthening of the justice administrative system, in order to offer all citizens a jurisdictional service that ensures objective, impartial, equitable, useful and efficient resolution of dispute,” according to the statement.
“The Arbitration is an alternative of resolving conflicts between the parties for the judicial system. The conflicting and dispute agrees is resolved by arbitrators. The final decision is binding on the parties and the executive power of the decision of the judicial courts,”it said.
it is also highlighted The advantage of arbitration is the speed in resolution cases and the competence the persons who decide the dispute and it is given the complexity under the analysis simple topic and according for a set of international rules.
“It is to support offering the citizens and jurisdictional service and enabling greater speed in conflict resolution and being decision–binding. The arbitration is needed for the confidence of external partners and mitigates possible barriers to their investment in the country,” said
National parliament has approved the accession of Timor–Leste to the 1958’s New York convention and it is recognition for the enforcement of foreign arbitral awards.
It applies to the recognition and enforcement of arbitral awards delivered in the territory. The one where is recognition and enforcement for the judgment are requested and resulting from the disputes between natural or legal persons.
TATOLI