Understanding the “United Nations Conference on International Commercial Arbitration” and the “Convention on the Recognition and Enforcement of Foreign Arbitral Awards” in the context of External Trade Disputes Initially, the United Nations Commission on International Trade Law (UNCITRAL) was established by the UN General Assembly on December 17th, 1966 to unify international trade law as
As reported by the Organised Crime and Corruption Reporting Project Switzerland is ill-equipped to investigate or deter money laundering, according to an audit by the country's financial authorities. Switzerland's real estate sector, specifically its land registry, is highly vulnerable to proceeds of money laundering and corruption.
Series - Part I Understanding the “United Nations Conference on International Commercial Arbitration” and the “Convention on the Recognition and Enforcement of Foreign Arbitral Awards” in the context of External Trade Disputes Introduction Credit
Economic Wizard Enriches himself Riad Salameh the Central Bank of Lebanon's Chief since decades once widely acclaimed as an economic wizard now faces the ire of the public due to the worst economic crisis and prolonged depression Lebanon is going through. The economic crisis worsened as cross border trade reduced to a trickle after the
Silicon Banks Collapse This month the Silicon Valley Bank (SVB) collapsed and hot on its heels was the Signature Bank in a grim reminder of the US banking and financial sector rout in 2008 mostly due to the sub prime mortgage phenomena. But people never learn. The entire loan portfolio of SVB was in the
Diplomacy & Dollars The recent embrace between Turkiye (renamed at the UN) and Saudi Arabia culminated in a deposit of $ 5 billion by the Saudi Development Fund with the Central Bank of Turkiye whose net foreign exchange reserves had slumped to less then $ 20 billion this year .No conditions appear to have been
UN Peacekeepers Remain Silent Observers In the year 1995 Bosnian Serb forces faced no resistance from U.N. Peacekeepers when it overran towns in their presence .Whether complicit or on account of sheer indifference the UN Peacekeepers looked on as silent spectators when Bosnian Serbs conducted a planned and premeditated operation and raped , executed and
Chopard Jewels in Brazil Credit Times of Malta The Kingdom of Saudi Arabia gifted a diamond necklace, earrings and a watch to Michelle the spouse and First Lady of the Brazilian President Jair Bolsonaro during an official visit to the Kingdom. The jewels are certified by Chopard with an estimated market value at around three
Globally Governments Subsidise Diesel Governments across the world incurred almost € 900 billion in fossil fuel subsidies last year which is almost twice the expenditure suffered in the year 2021 Subsidies on Gasoline for Indian Conglomerates India's Union Budget for the financial year 2023-24 will permit subsidies to state owned Indian oil corporate retailers namely
Ajay Banga nominated to the Top Slot of the WB The Indian diaspora is gleefully congratulating itself for the nomination by the President of the United States of America of Ajay Banga once the top executive of MasterCard, a digital or cashless plastic payment mechanism, to lead the World Bank . It is being repeated
