BRICS Legal Forum concludes and CJI applauds its arbitrary initiatives

New Delhi: The Much waited and advanced discussion platform of the third BRICS Legal Forum was concl
By: Admin | Update: 2016-09-14 18:07:13

BRICS Legal Forum concludes and CJI applauds its arbitrary initiatives

New Delhi: The Much waited and advanced discussion platform of the third BRICS Legal Forum was concluded on Monday, 12 September, where the members of the BRICS countries signed the New Delhi Declaration. The Chief Justice of India (CJI) T.S. Thakur and newly-elected Bar Association president Lalit Bhasin were present during the valedictory event. It was a three day event which witnessed the presence and arrival of 120 delegates from across the BRICS member countries. Attorney General of India Mukul Rohatgi addressed the gathering and highly praised the truth that even though there are different and diverse cultures among the members of the BRICS Legal Forum, they productively managed to sit jointly for two consecutive days and were prepared to sign the New Delhi Declaration after  quite a few strings of consultation and consideration.

Attorney General Mukul Rohatgi also stated that The BRICS members should go ahead so that the western domination does not continue and BRICS is a platform which must have its own position in the world economy. Though the other BRICS members praised the presently functioning Dispute Resolution Centre located in Shanghai, questions were raised upon its marginal structure as the centre does not address exact matters.

Chief Justice of India, T.S. Thakur also highlighted upon the issue of having a friendly responsive dispute resolution system which is required to be done immediately. CJI Thakur also stated that the dispute resolution system should be assured of being combustive and robust. For assuring the safety of the investor in case a dispute arises.  CJI Thakur also stated that the change in the system must be of two-fold. The first change that requires to be done is the legal system that is required to be modified in agreement with the arbitral award. The second point stated that the courts are required to be sensitive for such cases. The courts need to value the arbitral award and should not go ahead to confront, dispute or challenge it. Thought the three-day BRICS Legal Forum concluded on Wednesday, other 20 delegates from different countries of BRICS will be going ahead to attend a four-day programme training  at Amity University at Noida. The training will be based upon the Indian legal system. Ashok K Chauhan, the founder of Amity University was highly-praised at the event for his extended support for this proposal.

This was the third edition of the BRICS Legal Forum and the fourth edition will be held in Russia next year.

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