UNCITRAL model law Current Affairs, GK & News
NITI Aayog is to launch Online Dispute Resolution handbook. It is an invitation to business leaders to adopt Online Dispute resolution. About the Handbook The Handbook highlights the need for the businesses to adopt Online Dispute Resolution mechanism. According to the handbook, the Online Dispute Resolution (ODR) is the resolution of disputes outside courts. This ..
Category: Economy & Banking Current Affairs - 2022
A committee set by the Ministry of Corporate Affairs has recommended the UNCITRAL model law for cross-border insolvency resolution. The committee makes the following recommendations for addressing the cross-border insolvency: Adopting the UNCITRAL or United Nations Commission on International Trade Laws on cross-border insolvency. The UNCITRAL model law envisages a balance between liquidation and reorganization ..
Topics: Crossborder Insolvency Resolution • IBC • Insolvency and Bankruptcy Code • Insolvency Resolution • International Trade • Ministry of Corporate Affairs • UNCITRAL model law • United Nations Commission on International Trade Laws • United Nations General Assembly