In an effort to strengthen India's status as a global hub for arbitration, a National Conference on Institutional Arbitration was convened by the Department of Legal Affairs, Ministry of Law and Justice, in collaboration with ONGC and the India International Arbitration Centre (IIAC), as per
Vice-President Jagdeep Dhankhar said on Saturday that the "arbitral process in our country is just an additional burden to the normal hierarchical mechanism of adjudication."
Addressing the Colloquium organised by the India International Arbitration Centre (IIAC) at Bharat Mandapam on Saturday, Vice-President Jagdeep Dhankhar said that the arbitral process in India is "just an additional burden to the normal hierarchical mechanism of adjudication."
Delivering his address at the Supreme Court of the United Kingdom on Thursday evening, CJI highlighted the evolution of arbitration from a supplementary dispute resolution mechanism to a primary choice for commercial entities worldwide.
Named as 'New Delhi International Arbitration Centre (Amendment) Act, 2022', the new law came into force after the Ministry of Law and Justice in a notification issued late January 27 night made the announcement.
New Delhi [India], August 8 (ANI): Lok Sabha on Monday passed a Bill to rename the New Delhi International Arbitration Centre as the India International Arbitration Centre.