In fact the Act enacted for speedy efficacious remedy for the affected parties arising out of a commercial dispute. It covers
- disputes relating to trademarks of merchants, bankers, financiers and traders
- issues related to Admirality Martial Law
- partnership agreements
- technology development agreements
- intellectual property rights
- export or import of merchandise or services
- insurance
- shareholders agreement
- joint venture agreements
- franchising agreements
- carriage of goods
- agreements relating to immovable property used exclusively in trade or commerce
- applications all appeals arising out arbitation (commercial dispute)