Sri Lanka Consolidated Acts

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Commercial Mediation Centre Of Sri Lanka Act (No. 44 of 2000) - Sect 16

Prescription

16.
(1) in computing the period of prescription in regard to any cause of action, the period "
(a) commencing on the date on which an application is made to the Centre for the resolution of the commercial dispute constituting that cause of action, by mediation and conciliation : and
(b) ending on the date on which proceedings for mediation of that commercial dispute are terminated. otherwise than by the conclusion of an agreement between the parties.
(2) Where in an action instituted in any court, the question arises as to whether the cause of action giving rise to that action is prescribed, a certificate signed by the Chairman of the Board, specifying the dates respectively, on which "
(a) application was made to the Centre for the resolution of the commercial dispute constituting that cause of action, by mediation and conciliation : and
(b) proceedings for the resolution of that commercial dispute by mediation were terminated, otherwise than by the conclusion of an agreement between the parties.


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