UNCITRAL 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
The Ministry of Corporate Affairs has released draft on cross-border insolvency in order to strengthen Insolvency and Bankruptcy Code (IBC). It will help banks access overseas assets of company undergoing resolution. Similarly, Indian authorities will also be required to cooperate with foreign creditors to domestic company. Need The existing IBC provides for two Sections –234 ..
Month: Current Affairs - June, 2018
India hosted the golden jubilee (50th anniversary) celebrations of United Nations Commission on International Trade Law (UNCITRAL) in New Delhi. The opening address at international conference of the golden jubilee celebrations of UNCITRAL was given by President Pranab Mukherjee. About United Nations Commission on International Trade Law (UNCITRAL) UNCITRAL was established by the UN General ..