LCCI being one of the premier institutions in Pakistan is continuously working hard to promote and facilitate the business community through its effective initiatives. The Lahore Chamber of Commerce & Industry (LCCI) in collaboration with International Finance Corporation (IFC) has established a centre for business dispute resolution through mediation namely LCCI Mediation Centre housed within LCCI Building.
The objective of this mediation centre is to help local and foreign companies to resolve their business/commercial disputes out of court. In this way, companies are able to maintain a healthy relationship amongst themselves as well. Pakistanís legal system besides being over loaded, tends to take lot of time, as such mediation can be the quickest and most effective mode of alternate dispute resolution and at the same time helping lessen the burden on the Courts.
LCCI Mediation Centre has more than two dozen accredited mediators enrolled with LCCI, trained by CEDR, a UK based company on its panel for the purpose of mediation.
History Of LCCI
The Lahore Chamber of Commerce and Industry was established by the businessmen and industrialists of Northern India in 1923 under the name of "Northern India Chamber of Commerce and Industry". In 1947 on creation of "The Islamic Repulic of Pakistan", its name was changed to "West Pakistan Chamber of Commerce and Industry". In 1960, the present name, "The Lahore chamber of commerce and Industry" was adopted. Today, the chamber stands out as the First ISO-certiifed Chamber of Pakistan.
It is generally and widely accepted that mediation has a wide range of benefits over litigation in terms of dispute resolution. LCCI Mediation Centre (LCCI DRC) operate as a non-profit making centre under the umbrella of Lahore Chamber Of Commerce And industry.