Need for changes in the Indian arbitration system

According to retired Justice AP Shah, Chairman of Law Commission of India, in India, advocates and judges do not understand the difference between an arbitration proceeding and a traditional litigation. He said that the core idea behind arbitration is speedy redressal which has not yet been understood. During a lecture that he delivered in the Madras High Court premises and organised by Indian Law Institute, he stated that the way ad hoc arbitration is conducted saddens him. Continue reading

Indian and International Arbitration updates

A Complete over-haul of the Arbitration and Conciliation Act, 1996: Reforms and Response-

Current Scenario:-

“India has not been a favoured destination for international arbitration,” said Justice R. Sudhakar of the Madras high court. Inaugurating a conference on ‘Multi-sector arbitration – Indian and international perspective’, in the city on Saturday, Justice Sudhakar said there is resentment across the globe against arbitration to resolve disputes arising from international commercial agreements and other international relationships in the country. Continue reading