In Today’s News:
- Singapore Convention on Mediation enters into force.
- Deep vein thrombosis.
1. Singapore Convention on Mediation enters into force
The Singapore Convention on Mediation (Convention) entered into force on September 12, 2020, marking a significant development in international commercial dispute resolution.
Prelims GS – International Relations/Economic Development
Singapore Convention on Mediation:
- Singapore Convention on Mediation is also known as the United Nations (UN) Convention on International Settlement Agreements Resulting from Mediation.
- This is the first UN treaty to be named after Singapore.
- As of 1 September 2020, the Convention has 53 signatories, including the United States, China, and India.
- The signing of the Convention will boost the confidence of the investors and shall provide a positive signal to foreign investors about India’s commitment to adhere to international practice on Alternative Dispute Resolution (ADR) and will boost India’s Ease of Doing Business.
Mains GS2 – International Relations/GS3 – Economic Development
Benefits of Singapore Convention on Mediation:
- With the Convention in force, businesses seeking enforcement of a mediated settlement agreement across borders can do so by applying directly to the courts of countries that have signed and ratified the treaty, instead of having to enforce the settlement agreement as a contract in accordance with each country’s domestic process.
- The harmonized and simplified enforcement framework under the Convention translates to savings in time and legal costs, which is especially important for businesses in times of uncertainty, such as during the current COVID-19 pandemic.
- With the Convention, businesses can rely on mediation as a dispute resolution option for their cross-border transactions, with greater certainty and assurance that their mediated outcomes are enforceable.
- The conciliatory nature of mediation also helps to preserve commercial relationships despite the disputes.
- As adoption of the Convention becomes more prevalent globally, it will also strengthen Singapore’s position as an international dispute resolution center and better serve the needs of international businesses that use Singapore as a base for their international commercial transactions.
- Over the years, Singapore has set up various institutions, including the Singapore International Arbitration Centre, Singapore International Mediation Centre, and Singapore International Commercial Court to provide a full suite of dispute resolution services for international commercial parties to resolve their disputes in Singapore.
- The Singapore Convention will facilitate international trade and commerce by enabling disputing parties to easily enforce and invoke settlement agreements across borders.
- Businesses will benefit from mediation as an additional dispute resolution option to litigation and arbitration in settling cross-border disputes.
Click here to know more about Singapore Convention on Mediation on the official website.
2. Deep vein Thrombosis
The external pneumatic compression device is also known as the deep vein thrombosis pump. It is being purchased by the hospitals at a higher cost and it is being used for the patients of Deep Vein Thrombosis. Now, the scientists have indigenously developed a device at a much lower cost.
Prelims GS – Science and Technology
Deep Vein Thrombosis:
- Deep vein thrombosis (DVT) is a blood clot that occurs in a deep vein; that is, a vein that is not on the surface of the skin.
- DVT can occur anywhere but is most often seen in the leg.
- The most serious complication of DVT is pulmonary embolism, which is when a piece of the blood clot breaks off and lodges in the lung.
- This causes serious illness and is potentially life-threatening.
- The main signs and symptoms of DVT are pain and swelling in the affected area – usually your calf or thigh.
Click here to know more about DVT.
New device for preventing blood clot in Deep Vein:
- A team from Sree Chitra Tirunal Institute for Medical Sciences and Technology, Trivandrum (SCTIMST), an autonomous institute of the Department of Science and Technology, has developed a device for the prevention of DVT.
- The newly developed device works by compressing the veins in the legs in sequence so that the flow of blood from the veins in the legs is facilitated.
- The compression pressure is set in such a way that the veins are compressed but not the arteries.
- It is equipped with closed-loop monitoring of compression pressure and also has controls through valves which are driven by an electronic circuit.
- Dedicated software and a control circuit are provided in the device to ensure that safe compression levels are always maintained.
- The device can function in six modes.
- Also, an Alarm facility is available if pressure exceeds optimum pressure levels to alert the doctor
- The device is also equipped with a power supply back-up in case of power failure.
- The device can bring relief to patients affected by prolonged immobility, bedridden state, post-operative immobilization, paralysis of legs, a large number of whom are affected by DVT causing pain, swelling, redness, warmth, and engorged surface veins.
- Imported devices so far cost between 2 lakh to 5 lakh whereas the device developed by the SCTIMST team can be placed in the market for less than 1 lakh rupees.
Click here to know more about the news in DD News.
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