TIRANA, April 20 /ATA/ –By I. Vata/ – The government approved a bill on the international arbitrage at a regular meeting on Thursday.
In a press statement after the cabinet meeting, the Minister of Justice Ulsi Manja said that the bill on the arbitrage has been for years in the making along with international partners through the support of international experts. According to him, the piece of legislation was launched through the assistance of EURALUS 5 mission in Albania.
“The draft law will help efforts to further consolidate the rule of law in Albania. The bill will create a business- friendly environment and it will allow the government to attract investments, both domestic and foreign, creating a positive impact for the business, as well as the development of the country’s economy. The aim of this bill is to prevent disputes from being settled by a body which has ordered the Albanian government to pay hundreds of millions of euros in compensation, in an attempt to settle disputes in the country,” Manja said.
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