Dubai, UAE – (Nov. 27, 2019) With great pride, we would like to announce the appointment of Mr. Naveen Kumar Indrakanti, Managing Director of CRESCO Legal, as an Official Mediator by International Commercial Mediation Centre for Belt and Road Initiative popularly known as “Silk Road Economic Belt” and the “21st Century Maritime Silk Road” (the “B&R Initiative”)
It is indeed another milestones for CRESCO Legal with its stronghold position in Asia as a globally recognised law firm with offices in Costa Rica, India, Philippines, Seychelles, Switzerland, United States and United Arab Emirates. The law firm covers one of the most dynamic economic markets.
“This appointment gives CRESCO Legal the opportunity to mediate various issues that arise between various countries, companies, and individuals that are involved in this multi billion dollar project. This will pave the way to witness how the world is participating in addressing two main challenges at present, both on global governance reform and at the same time the creation of the new route for innovation and economic growth,” said Naveen Indrakanti.
Initiated by President Xi Jinping, this remarkable project aims to strengthen China’s business relationships among 140 countries across EU, ME & Africa. The target of the “Belt & Road” is to build an annular route with one end being the active east Asian economic zone, the other end being the developed European economic zone, and the middle being the countries of Asia and the Middle East with great development potential. The “Belt & Road” project targets to create a community of mutual benefits, fate and obligations with political mutual trust, economic amalgamation and cultural tolerance.
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About CRESCO Legal
With offices in Costa Rica, Dubai, Switzerland and Singapore CRESCO Legal is an international consultancy firm dealing with the most innovative approach in the fields of law whilst protecting clientele from any legal risks exposure. The company offers a wide range of services and professional legal advisors that speak your language. They are ready to guide in various fields of law, commercial, corporate, employment, litigation & ADR, insolvency, M&A to name a few.