Introduction
A proficient contract enforcement mechanism is one of the most critical factors behind a well-functioning and business friendly market system. It enhances the confidence of the investors by assuring that their contractual rights will be upheld by the courts in an efficient, predictable and cost effective manner. In a well-organised dispute resolution environment, businesses rely on new and innovative entrepre neurs. As a result, it not only makes businesses more competent but it also eliminates the barriers for new entrants to enter the market.
