Podgorica, (MINA-BUSINESS) - Director of the Alternative Dispute Resolution Centre Maja Golovic Vojinovic believes that resolving commercial disputes is not an alternative, but a necessity of a modern legal system, which directly affects the development of a favorable business environment.

“This topic is not only legal, but developmental. The quality and efficiency of dispute resolution directly affect the development of a favorable business environment, the inflow of foreign investment, and the strengthening of trust in the legal system,” Golovic Vojinovic stated at a conference titled “Advantages of Resolving Commercial Disputes through Alternative Methods” in Podgorica.

The conference was organized by the Alternative Dispute Resolution Centre, in cooperation with the AIRE Center and GIZ.

Minister of Justice Bojan Bozovic said that by strengthening institutions and institutional capacities for arbitration and mediation, Montenegro confirms its commitment to creating a predictable, stable, and reliable business environment, which ensures fair and efficient resolution of commercial disputes, contributes to attracting foreign investment, and stimulates further economic development of the country.

Director of the AIRE Center Biljana Braithwaite stated that Montenegro is entering the final phase of reforms, which requires a realistic assessment of progress and additional steps, especially in the area of legal certainty for the business community.

“Alternative dispute resolution is not just a legal procedure, but a way of thinking. Only in this way can we open the door to new investments and opportunities for this country,” Braithwaite said.

Fahira Brodlija of GIZ stated that international transactions and projects important for sustainable development and Montenegro’s European path are becoming increasingly complex, bringing new opportunities but also risks of disputes.

“That is why it is crucial to strengthen legal certainty and capacities for efficient dispute resolution through mediation and arbitration,” Brodlija said.

Support for the event was provided by the Government of the United Kingdom and the British Embassy in Podgorica through a project aimed at improving the arbitration framework implemented by the AIRE Center, as well as by the Government of Germany and GIZ through the RegioTrade project.