A Chinese delegation led by its Justice Minister Wu Aiying has met Law Minister D V Sadananda Gowda with an offer to sign MoUs with India on various aspects of law.
"They have suggested some MoUs...They want to have mutual cooperation on various legal issues," Gowda told PTI.
One of the areas where the two countries want to interact is alternate dispute resolution system in place in the two countries. "Settlement of cases at the pre-litigation stage helps in reducing pendency," he said.
In order to attract maximum foreign investment, the government has amended the Arbitration Act to make it mandatory for a judge presiding over commercial disputes to settle cases within nine months, thereby giving a positive signal to the international business community.
The proposed amendments to the 1996 law are aimed at giving a message that settling commercial disputes in India will no longer be a time-consuming affair.
There are also plans to set up commercial benches in High Courts of metro cities to take up high value commercial disputes.
He said before a final decision is taken on MoUs, New Delhi would like to carry out certain studies on the subjects and may include exchange of legal teams.
Beijing has also shown keenness on the issue of how India manages convicted prisoners. But since the issue falls in the domain of the Ministry of Home Affairs, the matter is being referred there.
India, on the other hand, wants to have a closer look at the Chinese criminal justice system.
Gowda said while the two systems are different, the Chinese rate of disposal of cases is high. "There are less delays also," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
