About IFIM
Institute of Finance and International Management (IFIM) was established in 1995 by the Dalal Street Investment Journal Group and promoted by the Centre for Developmental Education (CDE).
About the Moot Court Competition
The NMCC 2022 is the first ever attempt made by the Moot Court Committee of the IFIM Law
School to provide its young and dynamic law students a visibility for themselves as well as for
the law school and to carve a niche in the realm of business and commercial laws. The theme of the competition is Cryptocurrency and Smart Contract
IFIM Law School, Bengaluru, through the proposition of its National Moot Court Competition, has attempted to spread awareness and knowledge about cryptocurrencies; especially at this time when there is a big question mark hanging over the regulation of cryptocurrencies.
With the highest number of cryptocurrency users in the world, India has also been focusing on the same and has been actively thinking about ways to answer the question of effective regulation of cryptocurrencies by starting with proposing a bill regarding the same.
The moot proposition has been made in the thought of bringing the most basic to the more complex issues when dealing with smart contracts and the blockchain system. One of the major contentions of the problem relates to the validity of the contract mentioned in the problem, due to its existence in the form of a smart contract, its admissibility in the court of law as a piece of valid evidence and the validity of cryptocurrencies as a lawful consideration.
The other contentions of the problem relate to jurisdiction, drafting of adhesion contracts, unfair trade practices, interpretation of clauses by smart contract mechanism, and the liability to pay damages.
Eligibility
The competition is open only for bona-fide students of recognized Institutions/Universities/Organizations who are currently pursuing their bachelor’s degree in Law i.e. 3-Year LL.B. or 5- Year LL.B. Integrated Program.
Each team shall consist of a minimum of 2 and maximum of 3 members. This number cannot be modified under any circumstances. There shall be 2 speakers and 1 researcher designated in a team of 3 while in case of a team of 2, both members of the team shall be considered to be speakers.
Teams shall identify their speakers and researcher during registration. No extra member or observer shall be allowed. Each team will be provided a team code and each participant will be provided with an individual code which will be communicated to them in due time via email.
Location
Electronic City, Phase-1, Bangalore, Karnataka. Pin- 560100. EVENT SHALL BE OFFLINE ONLY.
Registration Procedure
Firstly, teams must confirm their participation by sending a scanned copy of the ‘Registration Form’ (Annexure 1) filled and duly signed by the Head of Participating Institution to nmcc@ifim.edu.in with subject line “Registration for IFIM NMCC 2022” latest by 11:59 pm (23:59 Hours) on 05th February 2022.
Forms received after the deadline shall not be considered for registration.
Link for registration form: https://www.ifimlawcollege.com/national-moot-court-competition/downloads/NMCC-2022-Registration-Form.pdf
In case of any changes in the team composition, in terms of the members, the same must be officially conveyed to the Organizers at the time of the formal registration.
Lastly, Formal Registration of the Participating Team(s) shall take place on 25th February 2022, 11:00 AM onwards at IFIM Law School, Opposite Infosys Campus Gate # 8 P & 9P, KIADB Industrial Area, Electronic City, I Phase, Bangalore -560 100
Fee Details
The teams are required to send a registration fee of Rs. 6000 (Rupees Six Thousand only) latest by 11:59 PM (23:59 Hours) on 12th February 2022. The registration fee should be deposited via bank transfer to the following account:
- A/c Holder Name: Centre for Developmental Education
- Bank Name: Axis Bank Ltd
- Branch: Queen’s Road Branch
- Account Number: 915030028994297
- IFSC Code: UTIB0001541
- Account Type: Current
The Participating Team shall be required to share a screenshot of the registration fee transaction details along with the Registration Fee form and Travel Plan (Annexure 1) to nmcc@ifim.edu.in by 5 PM on 14th February 2022.The Participating Team shall be required to submit the hardcopy of the Registration Form
during the Formal Registration on 25th February 2022.
Note: Registration fee once paid is non-refundable.
Prizes
The winning team will be awarded Winner’s Plaque, Certificates, and a Cash Prize of Rs. 70,000/- (Rupees Seventy Thousand only) and the Runners-up will be awarded a Runner’s up to Plaque and a Cash Prize of Rs. 35,000/- (Rupees Thirty-Five Thousand only).
Best Speaker Male and Female, Best Memorial, and Best Researcher shall be awarded certificates and a Cash Prize of Rs. 15,000/- (Rupees Fifteen Thousand only).
Important Dates
- Release of Moot Proposition and registration opening: 17/12/2021
- Last date of seeking Clarifications: 01/02/2022
- Registration Deadline: 05/02/2022
- Registration Fee Deadline: 12/02/2022
- Soft copy Memorial Submission: 17/02/2022
- Hard copy Memorial Submission: 25/02/2022
- Researchers Test: 26/02/2022
- Preliminary & Quarter-Final Rounds: 26/02/2022
- Semi- Final & Final Rounds: 27/02/2022
- Valedictory Ceremony: 27/02/2022
Contact details
- Mail at: nmcc@ifim.edu.in
- Ms. Saraswathy Vaidyanathan, Faculty Coordinator – saraswathy.vaidyanathan@ifim.edu.in
- Mr. Saumyadeep Basu, Convenor, IFIM Moot Court Committee [P: + 91 9674998122]
- Mr. Hiten Ajay Wasan, Co-Convenor, IFIM Moot Court Committee [P: +91 93236 92939]
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