Chief Justice Abdullah Saeed have said that the judiciary of Maldives is developing in ways that will attract businesses and investors.
He made this statement while speaking at the opening ceremony of “Doing business in Maldives: A Judicial perspective colloquium” organized by the Economic Ministry and the Judiciary.
Chief Justice Abdullah Saeed said that in the past 10 years, World Bank has noted that to develop businesses and attract investors Maldives should strengthen and reform the judiciary
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“ For instance, in 2005 a report published by World Bank after a research conducted with Oxford University, shows that businesses and economic development has strong relations with the level of legal protection, with the extent of laws are upheld and with an independent judiciary. So if one of these things does not have a good standing, it will affect businesses and investments according to various researches done all over the world. Also when the judiciary is strengthened, small and large enterprises will develop according to researches done by the World Bank” said Abdullah Saeed.
Chief Justice said that in the past 3 years the judiciary has strengthened and increased their capacity to ensure that Maldives has an enabling environment for investors. He said that when Civil Court introduced pre-trail dispute resolution mechanisms, 48 cases were resolved without going to trail. He said that they are trying to connect more than 100 courts all over the country with one system and that will be a huge achievement. In addition, he said that they are trying to implement a case management system.
Chief Justice said that they have improved case closing rates from 80 percent to 110 percent and that is a huge achievement even if we compare it to neighboring countries.
He further noted that in 2015 a judicial academy was established and judges are being trained in this academy. He said that next year the academy will host an international conference related to business.
Judiciary of Maldives is developing in ways that will attract businesses and investors.
