Karachi, July 27, 2012 (PPI-OT): President Institute of Chartered Accountants Pakistan (ICAP), Mr. Rashid Rehman Mir welcomed President Karachi Centre for Dispute Resolution (KCDR) Justice (Retd) Saeeduzzaman Siddiqui and Dr. Zafar Ahmed Khan Sherwani, Director, KCDR at the ICAP office, Karachi for the signing of MoU between the two institutions.
The MoU was signed between the two institution for the utilization of the services of KCDR in Alternate Dispute Resolution (ADR) to promote mediation as a form of ADR in order to reduce cost of dispute resolution for the members of the ICAP.
KCDR was established in February 2007 on the joint initiative of IFC (World Bank Group) and the Sindh High Court as “Not for Profit” organization, It is the only institution in Pakistan which offers Mediation as an institutionalized Alternate Dispute Resolution mechanism. KCDR is successfully providing mediation services in all sort of disputes included Commercial and Civil cases. Besides this it is providing training in mediation to the members of corporate and legal sectors.
The Institute of Chartered Accountants of Pakistan is a premier body of professional accountants in Pakistan established in 1961 under the Chartered Accountants Ordinance, 1961 representing the Community of its members commonly known as Chartered Accountants.
ICAP and KCDR shall establish effective consultation, cooperation and the exchange of information on ADR. ICAP shall declare KCDR as permanent venue for settlement of commercial, corporate and other disputes of its members particularly based in southern region through Arbitration and Mediation. ICAP shall refer disputes of its members with their consent, including but not limited to disputes amongst practicing members, CA firms, etc. to KCDR for amicable settlement through mediation in accordance with the KCDR rules and regulations. ICAP shall encourage its members to use KCDR for settlement of disputes.
For more information, Contact:
Karachi Centre for Dispute Resolution
D-9/5 Park Lane, Block 5, Clifton,
Phone: +92 (0)21 35879209, 35810514, 35820030
Fax: +92 (0)21 35879183