Recent developments in Arbitration
- By virtue of the 2019 Amendments to Arbitration and Conciliation Act, 1996 Section 3A is inserted which empowers Hon’ble Supreme Courts & High Courts to designate Arbitral Institutions
ADR/ODR Institutions are uniquely positioned to track developments within the ADR landscape and advance good practices being followed internationally and remove lacunae in administering Arbitrations that end up wounding in court defeating some of the reasons parties opt for ADR
IDAC India has represented some such issues in Parliamentary Committees and recommended statutory changes that will increase industries use of Arbitration