Montenegro's membership in the Standing International Forum of Commercial Courts (SIFoCC) would bring multiple advantages, said Andrew Henshaw, President of the Commercial Court of England and Wales.
The Supreme Court hosted Hensho, who met with the President of that court, Valentina Pavličić, and the President of the Commercial Court, Mladen Grdinić, to discuss possibilities for strengthening international judicial cooperation, especially in the area of commercial law.
The meeting was held with the support of the AIRE Center and the United Kingdom Government, as part of a broader initiative to improve legal certainty and efficiency of commercial courts in the region.
One of the key topics of the meeting was the possibility of joining the Supreme Court of Montenegro and the Commercial Court of Montenegro to the international SIFoCC network, the AIRE Center announced.
"SIFoCC is a global forum that brings together leading commercial and appellate courts around the world with the aim of exchanging best practices, supporting the rule of law, and assisting developing countries in establishing effective mechanisms for resolving commercial disputes. Courts from 59 jurisdictions, including the world's largest judicial systems, are already participating in the forum," explained Henšo.
The AIRE Center announced that Hensho pointed out that Montenegro's membership in SIFoCC would bring multiple advantages, including access to international standards in the management of commercial disputes, the possibility of judicial exchange with renowned commercial courts, and participation in specialized trainings and workshops. It was also emphasized that SIFoCC offers an international platform for strengthening the capacities of the Montenegrin judiciary through cooperation with experienced judges and experts in the field of commercial law.
The President of the Supreme Court, Valentina Pavličić, welcomed the initiative, emphasizing the importance of international cooperation in the judiciary and the potential that membership in SIFoCC can bring. “Joining this network would enable our judges to learn from the best, to apply international standards and to improve the efficiency of resolving commercial disputes, which would ultimately improve legal certainty and the investment climate in Montenegro,” she said.
The AIRE Center said in a statement that this visit and consideration of potential membership in SIFoCC represent an important step towards the modernization and improvement of the Montenegrin judiciary, especially in the field of commercial law. "With the continued support of the AIRE Center and the British government, the Supreme Court of Montenegro and the Commercial Court of Montenegro could use this opportunity to connect with the world's leading commercial courts and apply innovative approaches to resolving commercial disputes," they added.
Judge Hensho was in Montenegro as part of the conference "Strengthening Legal Security for Investment and Development", which brought together representatives of the judiciary, international experts and decision-makers with the aim of improving the legal framework for attracting investment.
"Today's meeting is a continuation of that conversation and we believe that with this type of cooperation we can make a breakthrough. This is another open door to Montenegro and an important signal to investors that Montenegro is part of global trends in this area," concluded AIRE Center Project Manager Vanja Radević.
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