Arbitration Mechanism Current Affairs - 2020

Draft Rules for International Arbitration Centre issued by GoI

On February 12, 2020, Government of India issued draft rules to set up International Arbitration Centre. In order achieve institutionalized arbitration, GoI has enacted the New Delhi International Arbitration act, 2019. Highlights The draft rules for the arbitration centre prescribe allowances, pay of the full-time members and the chairperson. The rules have also set minimum Read More…

Recommendations: Justice Srikrishna committee on Institutionalization of Arbitration Mechanism

A High Level Committee set up to review the Institutionalization of Arbitration Mechanism in India has submitted its report to the Union Law Ministry. It was headed by Justice (retired) BN Srikrishna. The Union Government is committed for speedy resolution of commercial disputes and to make India an international hub of Arbitration. So government has Read More…