CURRENT AFFAIRS

Detailed explanation-1: -Context: The foundation stone for the International Arbitration and Mediation Centre in Hyderabad was laid by Chief Justice of India N.V. Ramana recently. IAMC-Hyderabad is India’s first arbitration centre for alternative dispute resolution.

Detailed explanation-2: -The New Delhi International Arbitration Centre | Department of Legal Affairs, MoL &J, GoI.

Detailed explanation-3: -At IDAC India we provide dispute resolution guidance in particular in matters of arbitration between two Indian Parties or between Indian parties and foreign parties. IDAC India charges nominal fees strictly adhering to recommended fees structure as per Arbitration and Conciliation Act, 1996 in its latest amendment.

Detailed explanation-4: -Based in Geneva, Switzerland, with a further office in Singapore, the WIPO Arbitration and Mediation Center was established in 1994 to offer Alternative Dispute Resolution (ADR) options for the resolution of international commercial disputes between private parties.