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Courts continue to operate effectively despite COVID — GG
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Courts continue to operate effectively despite COVID — GG
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
ICC celebrates record year for arbitration and mediation caseloads
14 January 2021
ICC celebrates record year for arbitration and mediation caseloads
Records fall as Paris body hails 9% increase in arbitration cases while its ADR centre registers its 400th case
Chrisdorney; Shutterstock Paris-based ICC’s International Court of Arbitration has reported a strong year in 2020 with 946 new cases, of which 929 were requested under its own rules, the highest figure achieved to date. The overall tally is the largest for four years and represents a 9% increase from 2019, when 869 cases were received, of which 851 were appointed under ICC rules. The rise in cases is part of a global trend with London, Singapore and Dubai all recording significant increases in referrals.
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Mediation has shown itself to be a powerful tool for bringing a speedy and effective end to cross-border disputes while preserving the commercial relationship between them
India has been on an unabated growth trajectory - supported by a Gross Domestic Product (GDP) of nearly US$11.5 trillion (S$15.9 trillion). India is also the world’s third largest economy after China and the United States, according to 2019 International Monetary Fund estimates. Rising affluence and growing urbanisation in India has attracted investors who are keen to tap on India’s elite and affluent households - two of the fastest-growing income segments in the country, expected to double to 16 percent of the population by 2025. The rapid growth of India has not stopped despite the COVID-19 pandemic. Indeed, the authors continue to observe increasing number of investments in tech-related start-ups in India by foreign venture capital funds and inst
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