Supreme Court proposes to establish specialised commercial courts

The Supreme Court has proposed the establishment of specialised commercial courts nationwide. According to a Supreme Court media statement, the proposal was sent on Monday to the Ministry of Law, Justice and Parliamentary Affairs to enhance the investment environment by making it more dynamic and transparent, resolving trade disputes quickly and effectively. This is expected to boost confidence among domestic and foreign investors and accelerate the country’s overall economic growth. The statement said the proposal seeks to bring disputes related to different areas of business, banks, financial institutions and traders, from general transactions to import-export activities, aviation and shipping, construction and infrastructure projects, franchise agreements, distribution and licensing, technology development, trademarks, copyrights, patents, industrial designs, domain names, geographical indications, insurance...