2(Singapore Convention on Mediation) Flashcards
1
Q
What is UN Convention on International Settlement Agreements
A
It is an framework that ensures dispute resolution b/w the state and the interantional company.
2
Q
When was it formed
A
2018
3
Q
Is India a signatory
A
Yes it is raedy to sign
4
Q
Do state loose power to resolve dispute
A
Nope…
State itself can resolve the issue if,
1 ANy contrary exist with public policy
2 Dispute is incapable of settling by mediation
5
Q
What is the benifit to India
A
More investment by FDI as we follow UN convention of resolution
