CJI Surya Kant Proposes Common BRICS Platform For Arbitration, Mediation In Commercial Disputes
Addressing the three-day forum, CJI Kant proposed creating a common platform for arbitration and mediation to facilitate the resolution of commercial and business disputes among participating countries, PTI reported.
Focus on Judicial Cooperation
On the opening day, CJI Kant held bilateral meetings with judicial leaders from Russia, China, Egypt, Indonesia, the UAE, Belarus, Kazakhstan, South Africa, Iran and Uzbekistan.
The discussions covered possible memoranda of understanding (MoUs) for judicial cooperation, greater use of mediation and arbitration in commercial disputes, and measures to create a more conducive environment for cross-border business.
The judicial leaders also discussed the need for efficient commercial courts to strengthen investor confidence, possibilities for mutual recognition of judicial awards and decrees, and professional exchange programmes through institutions such as the National Judicial Academy, Bhopal.
CJI Kant also emphasised the exchange of best legal practices, bilateral conferences on emerging legal issues and greater use of technology, including artificial intelligence, to improve judicial efficiency.
The discussions also focused on expediting judicial processes and strengthening people-to-people ties, according to a Supreme Court statement.
(KNN Bureau)
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