Arbitration Centre Current Affairs, GK & News
On February 12, 2020, Government of India issued draft rules to set up International Arbitration Centre. In order achieve institutionalized arbitration, GoI has enacted the New Delhi International Arbitration act, 2019. Highlights The draft rules for the arbitration centre prescribe allowances, pay of the full-time members and the chairperson. The rules have also set minimum ..
Category: Economy & Banking Current Affairs
The Union Ministry of Law and Justice has constituted a High Level Committee (HLC) to review institutionalisation of arbitration mechanism in India. The committee will be headed by Justice B N Srikrishna, the retired Judge of Supreme Court. It will look into various factors to accelerate arbitration mechanism and strengthen the arbitration ecosystem in the ..
The first International Arbitration Centre of India was inaugurated in Mumbai, Maharashtra to provide an arbitration platform for Indian business houses to negotiate commercial disputes. The Mumbai Centre for International Arbitration (MCIA) was launched by Maharashtra Chief Minister Devendra Fadnavis. Key Facts With this Maharashtra becomes first state in the country to clear policy for ..