Lakshay Anand

Author Archives: Lakshay Anand

Differences between GATT and WTO

General Agreement on Tariffs and Trade (GATT) was made in the year 1947 that aimed at initiating an international trade, by liberalizing policies and removing tariffs. GATT is a multilateral agreement, between several nations of the world that regulates international trade. Its primary objective is to reduce tariffs to a substantial amount along with abolishing other trade barriers. But,……...

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Structure and Functions of World Trade Organisation (WTO)

Structure and Functions of World Trade Organisation (WTO) | Overview Ministerial Conference General Council Trade Councils Trade Committees Secretariat Dispute Settlement Body Functions of the World Trade Organisation Structure of the World Trade Organisation: Ministerial Conference WTO is headed by the Ministerial Conference who enjoys absolute authority over the institution. It not only carries out functions of the……...

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Cost, Insurance and Freight (CIF) and Free on Board (FOB) | CIF and FOB Contracts

Cost, Insurance and Freight (CIF) and Free on Board (FOB) are international shipping agreements used in the transportation of goods between a buyer and a seller. They are among the most common of the 12 international commerce terms (INCOTERMS) established by the International Chamber of Commerce (ICC) in 1936. The specific definitions vary somewhat in every country, but……...

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WTO Agreements – GATT, GATS, and TRIPS

WTO Agreements cover goods, services, and intellectual property. The three agreements establishing the WTO are GATT, GATS, and TRIPS.  WTO Agreements – GATT, GATS, and TRIPS General Agreement on Tariffs and Trade was established in 1947. In 1995, GATT was replaced by the World Trade Organisation (WTO). As far as the old system or GATT was concerned, there were two……...

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Dispute Settlement Mechanism under WTO (World Trade Organisation)

The task of ensuring that all Members live up to their commitments and that there is a common understanding of the nature of those commitments is a central part of the work of the WTO. WTO’s procedure is a mechanism which is used to settle trade dispute under the Dispute Settlement Understanding (DSU). A dispute arises when a……...

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Abuse of Dominant Position – Meaning, Determination and Case Laws

The abuse of dominant position is one of the ways of interfering with competition in the marketplace. Abuse is stated to occur when an enterprise or group of enterprises use its dominant position in the relevant market in an exclusionary land in an exploitative manner. Abuse of dominant position impedes fair competition between firms, exploits consumers and makes……...

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Doping in India: A Two Faced Coin under Sports Law

The NADA Doping Code needs to be more expansive and clear on the doping offences in India which are committed due to ignorance and lack of information. Introduction Sports has always been a part and parcel of humans since ancient times. It plays a key role in the development of the soul and body. But the changing scenario… Read More »

3rd Amity National Moot Court Competition 2018

About ALS Gurgaon Moot Propelled by the success of two National Moot Court Competitions organised by the Moot Court Society of Amity Law School, we have now embraced to follow the league and host the 3rd Amity National Moot Court Competition. Sponsored by SCC Online, Amity Law School Gurgaon is organizing its 3rd Amity National Moot Court Competition 2018… Read More »