Sri Lanka has taken a significant step towards strengthening business confidence with the establishment of a modern framework for commercial mediation, creating a structured, efficient and internationally aligned mechanism for businesses to resolve disputes while protecting valuable commercial relationships. The initiative follows the enactment of the Mediation (Civil and Commercial Disputes) Act, No. Beyond strengthening domestic business confidence, Sri Lanka’s evolving mediation ecosystem creates an opportunity for the country to develop as a trusted destination for commercial dispute resolution. The initiative aligns with a growing global movement towards mediation as a preferred mechanism for commercial dispute resolution. The Corporate Mediation Pledge Ceremony was supported by The Asia Foundation, with Colombo Port City serving as the venue partner.