Arbitration: Current Affairs, GK & News - 2020-2021

Draft Rules for International Arbitration Centre issued by GoI

Published: February 13, 2020

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 ..

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India signs United Nations Convention on International Settlement Agreements

Published: August 8, 2019

India has signed a key United Nations Convention on International Settlement Agreements to boost the confidence of the investors and to send a positive signal to foreign investors about India’s commitment to adhere to international practice on Alternative Dispute Resolution (ADR). United Nations Convention on International Settlement Agreements The United Nations General Assembly had adopted the ..

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Lok Sabha passes New Delhi International Arbitration Centre Bill

Published: January 5, 2019

The Lok Sabha has passed the New Delhi International Arbitration Centre Bill to set up a revamped International Arbitration Centre at New Delhi with an aim to make India the hub of arbitration. New Delhi International Arbitration Centre Bill The features of the New Delhi International Arbitration Centre Bill are: The bill seeks to establish an independent ..

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NITI Aayog organises Workshop on ‘Best Practices in International Arbitration’ in New Delhi

Published: October 10, 2018

NITI Aayog has organised Workshop on ‘Best Practices in International Arbitration’ in collaboration with ICC International Court of Arbitration in New Delhi on 10 October 2018. It purpose is to strengthen dispute resolution mechanisms and to not only encourage ‘Make in India’ but also to ‘Resolve in India’. The workshop would cover basic concepts of ..

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Investor-State Dispute Settlement (ISDS) Mechanism

Published: May 1, 2018

Investor-State Dispute Settlement mechanism is a system which allows individual companies to sue countries for their discriminatory practices. The practice came to light through the Philip Morris v. Uruguay Case under WTO. It is an instrument of public international law whose provisions are defined by a number of bilateral investment treaties. ISDS is also associated ..

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