3 Days Long Conference to Strengthen Arbitration & Enforcement Held in New Delhi (Download PDF)

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Three days long, global conference to strengthen Arbitration and Enforcement in India was held in New Delhi. This Conference was inaugurated by President Pranab Mukherjee on 21st October 2016.

  • Launched by the Government and Judiciary to change the face of dispute resolution in India (from October 21st to 23rd, 2016).
  • Designed to make India the centre of arbitration.

    • Ministry of Law and Justice
    • NITI Aayog
    • National Legal Services Authority
    • DIPP
    • International Center for Alternative Dispute Resolution
    • National Institute of Labour Economics Research and Development

Conference Title: “National Initiative On Strengthening Arbitration And Enforcement In India”

About Conference

  • Provide motivation to commercial arbitration in country for faster and efficient dispute resolution outside the court.
  • Potential to change the face of dispute resolution in India.
  • 6 leading international arbitral institutions (HKIAC, ICC, KLRCA, LCIA, PCA and SIAC) and all major industry associations (FICCI, PHD Chamber, CII and ASSOCHAM) had participated.
  • 7 intensive brainstorming technical sessions in this conference.
  • Discussed Indian Arbitration Act, case management of arbitration, setting up an excellent autonomous arbitration institution and court support for arbitration.
  • Serve as a platform for discussing critical issues, sharing best international practices, and creating a roadmap to strengthen arbitration and its enforcement in India.
  • Background came from the huge losses suffered by the business enterprises and the economy because of excesses (in terms of both time and money) involved in dispute resolution in Indian courts, keeping money and resources (of the businesses) trapped till the final resolution.
  • Dispute resolution is primary concern for foreign companies coming to invest in India and affects ease of doing business in India.

About Arbitration

  • It is a form of alternative dispute resolution (ADR)- resolution of disputes outside the courts.
  • Parties in dispute refer the case to arbitration (attorneys) and are bound by their decision.
  • Used for the resolution of commercial disputes mainly in the context of international commercial transactions.

- Published/Last Modified on: October 23, 2016

Important Days

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