US Ambassador Richard Verma on Thursday met Union Minister of Law and Justice D.V.Sadananda Gowda to discuss concerns over business-related issues such as IPR and arbitration.
Ahead of Prime Minister Narendra Modi's visit to the US later this month, Verma was keen on knowing the status of ongoing legal reforms with special reference to ease of doing business like setting up of Commercial Courts and reforms being contemplated in the sphere of Arbitration.
However, the minister assured the ambassador that Government of India is bringing amendments to bring Indian system at par with the international (UNCITRAL) system.
Issues relating to the enforcement of contracts, and international arbitration awards were also discussed in the meeting. The way the required mutual cooperation and required changes are being addressed also came up for discussion.
Issues relating to Intellectual Property Rights (IPR) was agreed to be taken up by ambassador with the Ministry of Commerce through the Ministry of External Affairs (MEA).
Verma was also keen on Civil Legal Cooperation, training and Exchange of Expertise and the same was welcomed by the MLJ.
