India International Center for Corporate Governance

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WIPRO disagrees with findings of CAG

September 1st, 2016

Software major WIPRO has disagreed with the findings of CAG that the Unique Identification Authority of India (UIDAI) had shown undue favour to it. WIPRO maintained that the company had maintained the highest standards of Corporate Governance and transparency and totally disagreed with the findings of CAG in its…

Antrix-Devas deal – arbitration tribunal rules against India

September 1st, 2016

The Permanent Court of Arbitration (PCA) tribunal at Hague has ruled against the Indian Government for annulling the contract between Antrix Corporation Ltd. and Devas Multimedia and denying Devas the commercial use of S-band spectrum. The tribunal ruled that Indian Government had acted ‘unfairly’ and ‘inequitably’ in annulling the…

Arun Jaitley moots BRICS arbitration platform

September 1st, 2016

To reduce dependence on redressal centres in development nations that at times have awards loaded against developing countries, Finance Minister Arun Jaitley, proposed that BRICS nations develop their own arbitration mechanism. This aims at a dispute resolution mechanism that is fair and detached from local commitments in order to…

International Arbitration centers in India

August 16th, 2016

India is in need of more International Arbitration centers. International Arbitration is an important part of settlement of International commercial disputes.

The great advantage of arbitration is that it is less expensive and maintains the existing business relationships between the disputants. International commercial arbitration is a process by which…

Renjit A Das appointed Chairman of IIAC

August 14th, 2016

Renjit A Das has been appointed as Chairman of India International Arbitration Center. Earlier Renjit had been instrumental in a tie-up with Kuwait Legal Services Bureau.

The center follows UNCITRAL rules, American Arbitration Association Rules and the rules framed by the London Court of Arbitration for settlement of International commercial…

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