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The IUP Law Review

Jul'16

This issue contains four papers. The first paper, “Avoidance of Contract for Fundamental Breach Under the United Nations Convention on Contracts for the International Sale of Goods, 1980”, by Mohammed Zaheeruddin, takes a close look at the CISG provisions...

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Avoidance of Contract for Fundamental Breach Under the United Nations Convention on Contracts for the International Sale of Goods, 1980
Corporate Crimes – Investigations and Adjudication: A Snapshot
The ‘Real’ Road to Informed Consent: A Future Perspective for Indian Law on Medical Consent
Regional Procedures and Mechanisms for the Protection of Human Rights: A Detailed Analysis of the European State of Affairs in the Light of European Convention on Human Rights
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Avoidance of Contract for Fundamental Breach Under the United Nations Convention on Contracts for the International Sale of Goods, 1980

--Mohammed Zaheeruddin

The United Nations Convention on Contracts for the International Sale of Goods, 1980 (UN CISG) inter alia defines obligations of the buyer and seller in contracts for the international sale of goods. The CISG provides various remedies to the aggrieved parties, including the option of avoidance of contract. A party may avoid a contract if the other party has committed a breach of contract or any obligations under the Convention. However, there are pre-conditions for avoiding the contract, such as the breach must be fundamental, foreseeable to the breaching party and the damaged party must suffer a detriment such that it is substantially deprived of what it could have expected under the contract. The analysis of CISG provisions and review of decided case laws indicate that the breach is fundamental or not has to be determined based on the facts and circumstances of each case. The objective of this paper is to analyze the statutory provisions applicable for avoidance of contract and to identify the circumstances in which a party may avoid a contract under CISG.

Article Price : Rs.50

Corporate Crimes – Investigations and Adjudication: A Snapshot

--Veena

The white-collar crimes are shaking the corporate base by siphoning off the funds of the companies through various unfair means and schemes. Corporate frauds are unearthed only after enough damage has been caused. It is very difficult to anticipate or predict the actions, as the parties involved are influential in the society. Even directors and other prominent employees having good reputation are involved in such huge monetary manipulations. Mostly, they involve in unauthorized diversion of funds, exploiting the flaws in the accounting systems, data misuse, resources misuse, formation of shell companies, undervaluation or overvaluation of assets and overstating of profits to attract investments. Unless a serious in-depth investigation is undertaken, it will be difficult to adjudicate and punish the true offender. There is every need to strengthen the whistle blower mechanism to avoid the untoward frauds and crimes in the corporate world. Against this backdrop, the paper presents a snapshot of the investigations and adjudication of corporate crimes.

Article Price : Rs.50

The ‘Real’ Road to Informed Consent: A Future Perspective for Indian Law on Medical Consent

--K K Sunitha and Tabrez Ahmad

The concept of consent for medical interference has undergone an attitudinal change as the society progresses in India and abroad as well. Indian Supreme Court has reiterated time and again that it is real consent not informed consent that is applicable in India. Yet, a change in the attitude is palpable even in the judicial arena. The fiduciary role of doctor in eliciting consent is alleged to have been misused in many cases. In an era when medical profession is largely commercialized and ethical standards are at stake, the responsibility of law is heavy in insisting candor on the part of the physician. This paper presents a comparative study of the legal position on informed consent in the US, the UK and other commonwealth jurisdictions. The paper highlights the need for legal measures on medical consent in India, ensuring disclosure of information by the doctor. The need for informed consent is established by analyzing the current socio-legal status in the health sector in India.

Article Price : Rs.50

Regional Procedures and Mechanisms for the Protection of Human Rights: A Detailed Analysis of the European State of Affairs in the Light of European Convention on Human Rights

--Sandeep Menon Nandakumar

The areas of protection of human rights at the regional level, especially in the European context are a matter of great concern as the issues are not just limited to incidents of torture or protection of life. Many a time, the European Convention on Human Rights (ECHR) deals with a variety of issues that are linked with religion, morality and privacy, and these are the areas that are prone to various interpretations at different times. This paper is an attempt to lay down the areas where these issues are interpreted by the European Court of Human Rights and the conflicting areas that exist between the ECHR and the EU Directives, especially in the context of right against self-incrimination and protection of asylum seekers. In the course of this paper, European Committee of Social Rights, European Social Charter and Charter of Fundamental Rights of the European Union have also been referred to in addition to the working mechanism and procedures of the ECHR.

Article Price : Rs.50

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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