Justice in Slow Motion Corrodes Sri Lanka's Economy

Abstract

The Insight discusses three aspects regarding the inherent lengthy delays in the Sri Lankan court system. First, delays in dispute resolution are costly—and not merely in legal fees, but in investments and initiatives “blocked” until there is a resolution. Second, a system with chronic delays in the legal system hugely increases uncertainty, risk and business competitiveness. Thirdly, it is an incentives and coordination problem (where everyone is a loser).