International Arbitration Court Current Affairs - 2020

Draft Rules for International Arbitration Centre issued by GoI

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 Read More…

International arbitration court imposes $5 billion penalty Pakistan

International Arbitration Court has imposed over $5 billion penalty on Pakistan for unlawful denial of a mining lease to a company called Tethyan Copper Company for Reko Diq project in 2011. This penalty on cash-strapped Pakistan is one of the biggest in its history. About Tethyan Copper Company v/s Pakistan Case In 2012 Tethyan Copper Read More…