International arbitration Current Affairs, GK & News
The Lok Sabha gave has passed the Arbitration and Conciliation (Amendment) Bill 2021. The bill was passed on February 12, 2021 by voice vote. Background The Law Minister Ravi Shankar Prasad introduced the bill in the Lok Sabha on February 4, 2021. The provisions of the bill were, however, already into force through an ordinance ..
Category: Legal & Constitution Current Affairs
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 ..
Topics: Alternative dispute resolution • Arbitration • Convention on the Recognition and Enforcement of Foreign Arbitral Awards • International arbitration • Law by country • mediation • New York Convention • Politics by country • Singapore Convention on Mediation • United Nations Commission on International Trade Law • United Nations Convention on International Settlement Agreements
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 ..
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 ..
Topics: Arbitration • Bilateral investment treaty • Bilateralism • Economy • Foreign direct investment • International arbitration • International Centre for Settlement of Investment Disputes • International investment agreement • International Relations • Investor-state dispute settlement • Transatlantic Trade and Investment Partnership • World Trade Organization
The Union Cabinet approved the Arbitration and Conciliation (Amendment) Bill 2018 to be put before the Parliament in order to amend the 1996 Act. It is a part of the efforts of the Government to encourage institutional arbitration for settlement of disputes and make India a centre of robust Alternative Dispute Resolution (ADR) mechanism. The ..
Topics: Alternative dispute resolution • Arbitral tribunal • Arbitration • Arbitration and Conciliation Act • Australian constitutional law • Courts • Dispute resolution • International arbitration • Law • mediation