Foreign Trade Development and Regulation Act. 1992
Imports and exports are considered to be two important components of foreign trade. Foreign trade refers to nothing but the exchange of the goods and services between two or more […]
Foreign investment Promotion Board
The Foreign Investment Promotion Board (FIPB) was a national agency under the Government of India that offered a single window clearance for FDI applications which did not come under the automatic route. […]
Current issues relating to FDI
Ease of doing business in India. This is probably one of the biggest stumbling blocks India faces in attracting FDI. The bureaucracy, corruption, labour and land acquisition laws are frighteningly […]
Special economic Zones
A special economic zone (SEZ) is an area in which business and trade laws are different from the rest of the country. SEZs are located within a country’s national borders, […]
The Industries (Development and Regulation) Act
The Industries (Development and Regulation) Act, (IDRA), came into force from 8th May 1952 under a notification of the Central Government published in the Gazette of India. The Act extends […]
Carriages of goods by Sea, Air, Multimodal Transportation
Multimodal transport (also known as combined transport) is the transportation of goods under a single contract, but performed with at least two different modes of transport; the carrier is liable […]
Drafting of International Commercial contracts
One of the most important subjects in international trade is drafting international commercial contracts. International commercial contracts include 3 expressions: contract, commercial, and international. Contract means an agreement which provides […]
Enforcement of foreign arbitral award
An arbitral award refers to the decision of an arbitral tribunal, whether in a domestic or international arbitration, including any interim awards thereunder. In India, enforcement and execution of arbitral […]
Evolution of Law Merchant
History The lex mercatoria was originally a body of rules and principles laid down by merchants to regulate their dealings. It consisted of rules and customs common to merchants and […]
Indian Arbitration and Conciliation Act 1996
The ‘Arbitration and Conciliation Act 1996’ is an Act that regulates domestic arbitration in India. It was amended in 2015 and further ammendment passed in Lok Sabha on 1 August […]
International Commercial Arbitration
International commercial arbitration is an alternative method of resolving disputes between private parties arising out of commercial transactions conducted across national boundaries that allows the parties to avoid litigation in […]
International Payments
If you have shopped online on international portals or have received payments from abroad, you would have wondered about how the payments flow across the world and which banks and […]
Meaning and Scope of Transnational Commercial Law
International commercial contracts are sale transaction agreements made between parties from different countries. The methods of entering the foreign market, with choice made balancing costs, control and risk, include: Export […]
Sources of Transnational Commercial Laws
The Mercantile Law in India developed with the enactment of the Indian Contract Act, 1872. Before this, all the commercials transactions were governed by the personal laws of the party […]
The Role of International Chamber of Commerce in the development of Transnational Commercial Laws
Based in Paris, France, the International Chamber of Commerce (ICC) is an organization comprised of more than six million members from countries around the world, tasked primarily with representing and […]
Transnational Commercial Laws
There are many attempts to define the subject. As an initial matter, the concept is to be kept distinct from notions such as ‘international business law’ or ‘international economic law’. […]
UNCITRAL Model law on International Commercial arbitration
The UNCITRAL Model Law on International Commercial Arbitration was prepared by UNCITRAL, and adopted by the United Nations Commission on International Trade Law on 21 June 1985. In 2006 the […]
