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Archive -Letter to the editor

Letter to the Editor - ‘Protecting the rights of investors’ |21 December 2017

The contributed article printed in Seychelles NATION of December 5, 2017 entitled ‘Protecting the Rights of Investors’ presents a biased and incorrect view of how the majority of investors in the Seychelles regard the legal system.

Firstly, it makes an oblique reference to some judicial process underway and states that it was the first time when the rights of investors were protected.

In fact, Seychelles has a sound and independent judicial system and this has been the case for many, many years. Our courts and the legal system are there to serve justice and to uphold the laws and of Seychelles. They are not there to protect the interests (and profits) of investors. The law and what is right comes first, and all investors, bid and small, local and foreign, need to respect the laws of the country.

Secondly, the article states that arbitration, when mutually agreed to by both parties as the dispute resolution mechanism of choice, should be binding in all and any circumstances.

This is fundamentally flawed. What if the process was corrupted or the arbitrator was not in a position to make a free, fair and impartial finding?

Arbitration can never deny the courts of any country and certainly not that of the Seychelles, the right and obligation to serve justice. It is imperative that investors, both local and foreign can rely on our courts and the Justice System to implement the laws of the country and to protect all from corruption, injustice and illegally if that occurs.

 

Name withheld

 

Disclaimer :

The views expressed in this letter are those of the writer and do not necessarily reflect the views of the Seychelles NATION newspaper.

 

 

 

 

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