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THE JUSTICE SYSTEM AS AN ESSENTIAL FOUNDATION OF ECONOMY AND TRADE

THE JUSTICE SYSTEM AS AN ESSENTIAL FOUNDATION OF ECONOMY AND TRADE

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Abstract: The administration of justice, an essential safeguard of the rule of law, also underpins an effective economy. It must be robust and effi cient in order to provide a trusted forum for trade disputes, be they domestic or international. At a time of unprecedented global trade and international intercourse, it is important that states should strive to maintain minimum international standards in the administration of justice. This article considers the essentials of a fair and just system of dispute resolution — crucially the need for an independent, impartial and effi cient judiciary. This article revisits the fundamental values of the justice system that the author identifi ed many years ago in the light of recent trends, both local and international. 

Keywords: justice system; independence of the judiciary; access to justice; law’s delays; dispute resolution, economy and trade

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