Wednesday, Aug 5 2020 | Time 19:05 Hrs(IST)
  • 1st Test: Pakistan 53/2 at Lunch against England
  • K'taka: Rail traffic resumes after blockage due to landslide
  • Tamil Nadu sees record single-day spike of 112 COVID-19 deaths, 5,175 new cases
  • J&K: 12,000 vacancies being sent to various recruitment agencies
  • HC refuses to stay recruitment process under 6th JPSC
  • Construction of Ram Temple will lead to unity, harmony in country: Birla
  • Nepal registers 381 new cases of COVID-19, tally now 21,390
  • Memorial of Alaboi Battle against Mughals in Kamrup soon
  • nCov: 14 new cases in HP's Kangra, tally soars to 495
  • Afghanistan health ministry says 10 mln affected in country
  • IDBI Bank Launches “IDBI Swarna Kalash” - Specialized Gold Loan Branches
  • As COVID19 cases rise sharply, Andaman identifies 1000 beds for corona patients
  • Prohibitory orders along Indo-Bangla border to prevent extremist, smuggling, influx
  • Rs 4 3 lakh scholarship sanctioned for 72 wards of martyrs, serving personnel
  • No role of PM in Ram Temple construction: Congress

BRICS Legal Forum to create body for settlement of commercial disputes

Moscow, Dec 1 (UNI) The 4th International BRICS Legal Forum meeting in Russia may create an arbitration structure that would specialise in settlement of the commercial disputes within BRICS countries.
"So this is the way we are thinking, that at the BRICS Legal Forum, we can actually practically fill in the gaps and create new and more participatory regulative structures. Right now what we are looking at, is the countries will continue to have their individual arbitration centers, but when a BRICS dispute comes, it is a BRICS governing board and the common set of rules of arbitration, which will govern the dispute," Chairman of one of the legal forum's committees Prashant Kumar, told RIA Novosti.
Mr Kumar said the BRICS mechanism for arbitrating commercial disputes would be based on upholding the principle of neutrality, which should be ensured through an inclusive arbitration board.
The Legal Forum of the BRICS countries (Brazil, Russia, India, China and South Africa), started in Moscow on Thursday.
The two-day event is being hosted by the Association of Lawyers of Russia, and attended by the Brazilian Bar Association, Bar Association of India, China Law Society, East China University of Political Science and Law, Law Society of South Africa and the University of Cape Town.
The Forum is scheduled to discuss various issues, including the compatibility of legal and judicial systems of the participating countries. These talks also centre around the possibility of unifying these processes with the goal of eliminating future barriers for effective international cooperation within the BRICS.
More News

Nepal registers 381 new cases of COVID-19, tally now 21,390

05 Aug 2020 | 6:38 PM

Kathmandu, Aug 5(UNI) Nepal's Ministry of Health and Population on Wednesday recorded 381 new cases of the coronavirus, taking the nationwide count to 21,390.

see more..

Afghanistan health ministry says 10 mln affected in country

05 Aug 2020 | 6:33 PM

Kabul, Aug 5 (UNI) The Afghan Health Minister Ahmad Jawad Osmani on Wednesday said that nearly "ten million" people have been infected with the coronavirus in the country, citing a recent survey.

see more..

Taliban ambush leaves 12 dead in Afghanistan's northeast

05 Aug 2020 | 5:49 PM

Kabul, Aug 5 (UNI) At least 12 people were killed in a Taliban attack in Afghanistan’s northeastern Baghlan province on Wednesday, TOLO News reported, citing an ex-provincial official.

see more..
Morrison: US-China war no longer inconceivable

Morrison: US-China war no longer inconceivable

05 Aug 2020 | 5:11 PM

Canberra, Aug 5 (UNI) Australia's Prime Minister Scott Morrison on Wednesday said he believes that the escalating US-China tensions is making it more and more apparent that an armed conflict between the US and China is no longer inconceivable.

see more..
Virus fallout, Virgin Atlantic files for bankruptcy in US

Virus fallout, Virgin Atlantic files for bankruptcy in US

05 Aug 2020 | 5:00 PM

London, Aug 5(UNI) Richard Branson's Virgin Atlantic Airways Ltd on Wednesday filed for Chapter 15 bankruptcy protection in the US after telling a London court it was on the verge of running out of cash next month if a pending rescue deal isn't approved.

see more..