Their role typically include mechanisms for resolving disputes through international arbitration, such as the International Centre for Settlement of Investment Disputes (ICSID). And this creates a predictable and enforceable legal environment for businesses operating internationally.
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Arbitration and conciliation are gaining global traction as effective mechanisms for dispute resolution. However, India lacks comprehensive legislation on conciliation, leaving a gap in its legal framework
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Speaking at a prominent gathering of legal professionals, Dr Bhasin addressed pressing issues such as arbitration inefficiencies, professional ethics, and the importance of fostering institutional frameworks.
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Expressing optimism for the future, Jain addressed the younger members of the legal fraternity, encouraging them to embody these principles and live up to the expectations set forth by international and domestic laws.
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