Arbitration Mechanism 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
A High Level Committee set up to review the Institutionalization of Arbitration Mechanism in India has submitted its report to the Union Law Ministry. It was headed by Justice (retired) BN Srikrishna. The Union Government is committed for speedy resolution of commercial disputes and to make India an international hub of Arbitration. So government has ..