Soham Patra, Bennett University, Uttar Pradesh
ABSTRACT
This paper aims to discuss the issues faced by arbitration on a national as well as international basis. It would also talk about the commercial as well as non-commercial facets of arbitration. Law is an essential ingredient in managing the conduct of people living together in our society. The law of arbitration was conceived to minimize the burden felt by courts in handling trivial cases of dispute. Therefore, the system of alternative dispute resolution came into play which was aimed at low-cost and less time- consuming means of solving disputes that arose between the parties. This system has been gaining widespread recognition for solving disputes across the globe and has found its footing in India too. The research paper will be comprised of 7 chapters. The first chapter would serve as the introduction to the concept of alternative dispute resolution (ADR) and its position in the country. The historical background of International Commercial arbitration should be mentioned. The third chapter would go over the International Commercial arbitration (ICA) in India respectively. The fourth chapter would draw a comparison between the ICA of countries such as United States, China, Hong Kong, etc. and India. The fifth chapter shall debauch in the accomplishments of the ICA in India. The sixth chapter will list the issues faced by ICA in India and consult ways which could expunge such problems. The Seventh chapter would focus on the sources of information referred to.
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