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The National Law University Jodhpur is hosting the first edition of the Allen and Overy – NLU Jodhpur International Deal Negotiation Competition which is to be held from March 10-12, 2023. This Competition is supported by Allen and Overy, a globally renowned law firm which is the title sponsor of this competition. The Competition will see participation from teams world wide as well as prestigious law schools all over India. View this post on Instagram A post shared by Allen & Overy – NLUJ International Deal Negotiation Competition (@aonluj_idnc) We at Ex Curia International are proud to announce that we are the supporting partners for this competition along with the Swiss Arbitration Centre, ICSID, Hyderabad Arbitration Centre and others. Additionally, the Competition will also feature an ECI spirit of the competition award . The winners of this award will be given an opportunity to Intern at ECI. We wish the participants as well as the organization committee of this competition the Best of luck in this prolific event!
The Government Law College, Mumbai (‘GLC’) is hosting the 3rd edition of AZB-GLC National ADR Triathlon for the year 2023 on February 25-26. The competition is supported by renowned tier-1 firms of the country; AZB & Partners as title sponsor and Cyril Amarchand Mangaldas and Adv. Aarti Sathe as Associate sponsors. We at Ex Curia International are extremely proud to support this event as “Exclusive Knowledge Partners”. Additionally, the participating team with the highest cumulative score in the Negotiation and the Mediaton segments will be awared with the “ECI Spirit of the Competition” along with an opportunity to intern at ECI. We wish best of luck to all the participants as well as the organizing committee for hosting such a prolific event! View this post on Instagram A post shared by Ex Curia International (@excuriainternational)
ECI collaboration with The 3rd AZB-GLC National ADR Triathlon 2023. Read More »
As an extension of ADR, a new practice called “HYBRID ADR” has recently come into practice. Hybrid ADR means nothing but combining various traditional methods of dispute resolution to suit the different needs and preferences of various parties. This can be a useful approach particularly when the dispute is complex and requires a more tailored solution than what traditional ADR methods offer.For example, in a hybrid mediation-arbitration process, the parties first attempt to resolve their dispute through mediation, but if they are unable to reach an agreement, the mediator will become the arbitrator and make a binding decision on the dispute. In a hybrid negotiation-arbitration process, the parties first attempt to negotiate a settlement but if they cannot agree, they will move to arbitration and if the arbitration also doesn’t succeed, the parties can move into litigation.Hybrid ADR can offer several benefits over traditional ADR methods. Firstly, it can be more flexible, allowing parties to customize the process to their needs. Secondly, it can save time and money, as parties can avoid a lengthy court process by resolving their dispute through ADR. Finally, it can be more effective, as it allows parties to use a range of methods to achieve a resolution that works for them.However, hybrid ADR also has some potential drawbacks. The process can become more complex and confusing if parties are not familiar with the different ADR methods. Additionally, parties may not agree on the order or combination of ADR methods to use, which can lead to delays and impasses.Overall, we can say that hybrid ADR is an innovative approach to resolving disputes that allows parties to tailor the process to their needs, and can result in more efficient, effective, and satisfactory outcomes.
HYBRID ADR by Ritika Kedia Read More »
Ex Curia International is delighted to announce that we were invited to review the Consultation paper on “Strengthening the Investor Grievance Redressal Mechanism in the Indian Securities Market by harnessing Online Dispute Resolution Mechanism” that was prepared by The Securities and Exchange Board of India (SEBI). View this post on Instagram A post shared by Ex Curia International (@excuriainternational) The Editors at Ex Curia International, Ananya Agrawal, Archita Mathur, Sneha Rath and Suansh Joshi worked on this project. The team has been guided by ECI’s stellar Advisory Board which constitutes notable working professionals who reviewed the comments presented on the Consultation paper “Strengthening the Investor Grievance Redressal Mechanism in the Indian Securities Market by Harnessing Online Dispute Resolution Mechanisms.” The contributions of Abhay Raj Singh Bundela, an expert advisor consulted by Ex Curia International were invaluable in facilitating this project. The Consultation Paper by SEBI was aimed towards reconstructing their online dispute resolution process that investors go through in case they have a grievance related to SEBI. The aim of this reconstruction was to better their ODR system by delivering speedy dispute resolution, which will not incline the investors to challenge it in a court of law. Purposively, on being invited to review the paper, we at Ex Curia International have collated our thoughts on the same in the form of the following recommendations on the Consultation Paper – from a neutral, non-partisan perspective.
Message from the Blog Team ECI’s Blog Team invites original contributions from students, researchers, academicians, legal practitioners, and those who are passionate about ADR, with the objective of facilitating a dynamic academic discourse and widening the scope for creative research works in the field of ADR. We highly encourage the authors to take a multidisciplinary approach when addressing pertinent research areas in the field of ADR. If you are willing to make an academic contribution in this field, ECI is your platform to be! SUBMISSION GUIDELINES Content: Owing to the nature of the journal, we shall only accept entries that are related to Alternative Dispute Resolution (‘ADR’). ·The entries must showcase a predominant link to ADR. All the authors are requested to send only Original Content. All the submissions shall go through a mandatory process of plagiarism check. Covering Letter: Submissions must be sent to [email protected]. ·All submissions must be accompanied by a cover letter, containing the name of the author/s, institutional/organisation affiliation, title and category of the submission and a contact address of the author, including the e-mail address and the phone number. Submissions should be sent as MS word (.doc format) attachments with the title of the article as the file name. The author is also requested to attach an image to accompany the piece. However, this does not form a mandatory requirement. The image should be representative of the submission’s topic, area, or argument. It should be high quality (upwards of 1000p) and have an aspect ratio of 1:1 (Square). Detailed guidelines – https://excuriainternational.com/guidelines-for-blog-submission/
We are proud to announce that Ex Curia International recently constituted an eight-member research team comprising Ananya Agrawal, Romit Sarkar, Archita Mathur, Ayanfeoluwa Aina, Nyalleng Maisa, Sneha Rath, Suansh Joshi and Prantika Dutta in order to extensively study and research on the ICSID and UNCITRAL draft of the Code of Conduct for Adjudicators in International Investment Disputes. The following team has been guided by ECI’s stellar Advisory Board which constitutes notable working professionals who reviewed the comments presented on the draft of the Code of Conduct for Adjudicators in International Investment Disputes. We at ECI are extremely grateful for the feedback on the ECI review of the Draft Code of Conduct for Adjudicators in International Investment Disputes that we have received from Mr Arpit Mallick, the Legal Consultant-International Investment Treaties and Framework, Ministry of Finance, Government of India and would like to thank him for the same. It was an honour for ECI to have been able to contribute to the Draft Code of Conduct for Adjudicators in International Investment Disputes. The feedback by Mr Mallick can be found below. Download
Content Cryptocurrency Wallets Overview Public Key vs Private Key How a Crypto Wallet Works Blockchain Wallet Features Custodial wallets vs. non-custodial wallets Crypto wallets vis-à-vis DApp browsers If you still haven’t received your money, you can sync your wallet with the blockchain, update it or contact the support team of your wallet. Assuming I am correct, start by sending a small amount and verify that it works. You wouldn’t want to test out a wallet address with a large amount of coins. Awesome presentation, still consider myself a beginner, although I spent probably 4 to 5 hours reading about different cryptocurrencies, wallets, and exchange services. The business was built from the ground up to be a trusted wallet-broker-exchange for U.S.-based users. Generally, like your usernames and passwords, the security of your wallet comes from you using best practices. Some wallets offer more than one method of accessing the wallet – for instance; Bitcoin.com’s wallet is both a desktop application and a mobile app. Cryptocurrency Wallets Explained | What are Crypto Wallets?. Public addresses are like cryptocurrency-specific account numbers, they can be used to receive a specific type of cryptocurrency and can be shared publicly. The main purpose of a crypto wallet is to store a private key. Cryptocurrency Wallets Overview There are different types of crypto wallets available, including mobile apps and wallets that look like USB sticks. The are two main types of wallets, custodial and noncustodial. Custodial wallets are hosted by a third party that stores your keys for you. This could be a company that provides enterprise-level data security systems businesses use to preserve and secure data. In my opinion the best first step is Coinbase as they are a broker and wallet hybrid . Although the best answer will be dependent on where you live . If you want to keep life simple, I suggest making your first stop Coinbase/GDAX. That will allow you to move back and forth between USD and back and forth between your bank account. Essentially every other solution is a more complex version of the same thing at best. Further, if you check your wallet in the exchange it may show you the status of the transaction. Public Key vs Private Key One of the wallet’s greatest assets is that it uses a lightweight client. Light clients can be set up in a matter of minutes and take up less space than traditional wallet clients on your computer. By using simple payment verification , the wallet only downloads parts of the blockchain, which speeds up transactions without compromising security. Lastly, you should also be aware there are wallets designed for specific networks and their functionalities. Choosing the Wallet The content on this page is provided for informational purposes only. Security.org does not offer financial or investment advice, nor does it advise or encourage anyone to buy, sell, or trade cryptocurrency. It is advised that you conduct your own investigation as to the accuracy of any information contained herein as such information is provided “as is” for informational purposes only. Further, Security.org shall not be liable for any informational error or for any action taken in reliance on information contained herein. How a Crypto Wallet Works These wallets are known as custodial wallets, which we will break down later in this article. Never share your wallet password, seed, PIN, or private key, and make sure to store them somewhere safe . To send coins and receive coins you only need to share your public wallet address (your “public key”). Before we dive into the different types of crypto wallets, it\’s essential that you first understand what a crypto wallet is. Exodus is one of the most visually appealing and intuitive wallets on the market. The validator then tries to decrypt your signature using your public key. Each of these types is considered either a hot or cold wallet. In case the main server is lost, then a cold server, basically your desktop, is used as a backup server. Investopedia does not include all offers available in the marketplace. Investopedia requires writers to use primary sources to how does a crypto wallet work support their work. These include white papers, government data, original reporting, and interviews with industry experts. Blockchain Wallet Features They typically remain offline and are much safer than hot wallets. Cold wallets will often have an online client that lets you manage your cryptocurrencies more easily. As the name suggests, these wallets are accessed by internet browsers. The private keys are held in some web wallets and are prone to DDOS attacks. They are ideal for small investments and allow quick transactions. The answer to the question \”what is a crypto wallet\” is that it\’s like a crypto bank account that only you control. There are several types of wallets you can use including online, offline, mobile, hardware, desktop, and paper. Tastycrypto is provided solely by tasty Software Solutions, LLC. Tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero. Hardware wallets are physical devices that store the private key. Custodial wallets vs. non-custodial wallets When you authorize a transaction on a crypto network or wallet-enabled website, the validators hash your public key to determine your address. This tells them which account https://xcritical.com/ is supposed to be performing the transaction. When you authorize a transaction using your wallet, you send a copy of your public key to the website or network validator. Crypto wallets vis-à-vis DApp browsers The crypto wallet you pick should support the currencies you wish to trade and will ideally accommodate any other coins you may want to trade in the future. You’ll need to transfer crypto into your hardware wallet from elsewhere, such as from a crypto exchange. Some wallets may have an incorporated exchange that allows you to trade crypto while the device is connected to your desktop computer or
Different Types of Crypto Wallets Explained: Which One Should You Choose? Read More »
We are proud to announce that Ex Curia International recently constituted an eight-member research team comprising Ananya Agrawal, Romit Sarkar, Archita Mathur, Ayanfeoluwa Aina, Nyalleng Maisa, Sneha Rath, Suansh Joshi and Prantika Dutta in order to extensively study and research on the ICSID and UNCITRAL draft of the Code of Conduct for Adjudicators in International Investment Disputes. The following team has been guided by ECI’s stellar Advisory Board which constitutes notable working professionals who reviewed the comments presented on the draft of the Code of Conduct for Adjudicators in International Investment Disputes. We are of the opinion that our global presence in the legal community, it makes us important stakeholders of the Draft and we have engaged in the entire process from a neutral, non-partisan perspective. Lastly, we hope that our comments will add value to the consultation process and encourage further discourse about the field.
– Written by Dmitry Davydenko* It is always important to find ways to settle disputes amicably. This is especially true nowadays when numerous obstacles hinder the proper performance of contracts, especially international ones. In particular, pandemic-caused restrictions lead to numerous situations where a party becomes unable to perform a contract or such performance becomes impractical. Apart from that, for instance, in Russia – West or Iran – US context, business relations meet severe challenges. If parties solve a dispute through a court procedure, it becomes especially difficult to get a judgment or an award recognized and enforced internationally. Arbitrating a dispute remains an option but it may take much time and effort and the result sometimes, unfortunately, proves unenforceable for various reasons, even though some positive recent cases do exist. Therefore, the ideal solution for the parties consists in showing wisdom and cooperating in the spirit of good faith, doing as much as possible to keep the contract, or if it gets impossible, terminating relations in a way that no one feels offended and wants to retaliate. One of the most appropriate legal instruments for that is the settlement agreement. I. The settlement agreement in domestic and international law Although many people have an idea about settlement agreements, still understanding of this legal instrument in various legal systems differs. The substantive laws of many States of continental Europe contain provisions for a settlement agreement. For example, the French Civil Code expressly governs “Contrat de transaction”, and the Italian Civil Code has similar (but far from identical) rules on the transaction. In some post-Soviet States, only procedural law expressly governs settlement agreement, rather than substantive law. Many other jurisdictions provide for no express regulation of this contract, so it just exists in practice. Unfortunately, parties sometimes fail to fulfill a settlement agreement. When parties decide whether to conclude such an agreement, they often have serious concerns about how to ensure its performance. This becomes especially relevant in the international context when the parties locate their enterprises or businesses in different states, with the result that the assets of one party appear hardly accessible to the other. Summing up, the parties who take the decision “to settle or not to settle” have a legitimate interest in ensuring the cross-border enforceability of the agreement. International law contains scarce regulations on the cross-border enforceability of the settlement agreement. The only universal instrument has become the Singapore Convention, but it governs only the cross-border enforceability of settlement agreements reached as a result of mediation. Meanwhile, if a settlement agreement is reached as a result of mediation properly conducted then normally its content corresponds to the interests of the parties. Ensuring its expedient performance is praiseworthy but the Singapore Convention will likely need much time to become effective and universally accepted. Another problem with the convention remains in the fact that it constitutes the fruit of international compromise; otherwise, it would not be possible to reach a mutually acceptable solution while negotiating and drafting the convention. As such, it does not establish expedient enforceability. It just specifies uniform rules pursuant to which a party may ask the competent court to enforce the agreement, but the other party has quite plenty of opportunities to oppose the enforcement, much more than the party opposing the enforcement of the arbitral award under the New York Convention 1958. For instance, under the Singapore Convention, the opposing party may allege that the content is contrary to applicable law, that it is not operative, void on some grounds, and that there may be several other reasons. As a result, the court procedure concerning enforceability will likely take quite some time and thus become burdensome. Therefore, other ways to ensure cross-border enforceability of settlement agreements apart from the Singapore Convention need exploration. II. Legal opportunities for enforcement of settlement agreements Currently, the common denominator consists in enforcing the settlement agreement as an ordinary contract. As a result, the respective procedure will be judicial and, likely, more or less lengthy. If the settlement agreement contains an arbitration clause, the enforcement may perhaps become more expedient, as in many jurisdictions arbitration normally takes less time and resources than court litigation. It also frequently remains a good option to consider including in the settlement agreement a mediation clause in addition to an arbitration clause so that it will increase the chance of voluntary compliance with it and then, if necessary, of its enforceability by arbitration. III. Differences in the governing law matter when drafting a settlement agreement The method of enforcing a settlement agreement will often depend on the legal system concerned in the said agreement. These differences require consideration when choosing law applicable to the substance of the settlement agreement. The remedies in case of non-performance of the settlement agreement would depend not only on the content of the agreement itself but also on the applicable law. In civil law countries, a more likely legal remedy will consist of specific performance of the agreement if it contains a duty to take some actions, e.g. to surrender the property. In common law countries, the primary remedy will include damages. For example, under Australian law in case of breach of contract normally a court or tribunal would award damages, while specific performance would become an applicable remedy only in relation to some unique objects for example real estate objects which are not something that cannot be required in the market. A similar approach exists in Swiss law. On the contrary, usually in civil law jurisdictions, specific performance would constitute an ordinary remedy and the court or tribunal would award damages only if specific performance proves impossible in a particular case. Furthermore, the way how in case of litigation a judge or an arbitral tribunal will interpret the mutual rights and duties of the parties will also depend on the applicable law. Again, different legal traditions exist as regards the legal doctrine of force majeure. Thus, common law generally contains no default rule on force majeure so what parties include in the settlement agreement will become their force majeure event. In contrast, civil
Сross-Border Enforcement of Settlement Agreements Read More »