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Laos: Lawmakers Debated Law on Economic Dispute Resolution
Source: kplnet.net
Source Date: Thursday, December 16, 2010
Country: Lao People's Democratic Republic
Created: Dec 20, 2010

Parliamentarians yesterday began debating law on economic dispute resolution which was introduced by Deputy Minister of Justice Keth Kiettisak.

The amendment is aimed at making the law more internationally enforceable and ensuring an increase of foreign investment in the country. The law is a tool necessary for settling economic disputes for investors, said Mr. Ket.

In general I agree with the law but I have seen some articles needing adjustment, said Mr. Inthava Moundala, member of National Assembly for the 12th constituency of Khammouane.

Through my observation, there are many disputes about trade, service and financial service in LouangNamtha province. If the law is approved it will be create conducive environment for the resolution of such issues, said Mr. Vonekham Phethavong, NA’s member for the third constituency of Louang Namtha province.

One day earlier, the 10th Ordinary Session of the National Assembly approved two amended laws on National Assembly and the general election to the National Assembly.
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