Study Of Arbitration In Construction, Energy, Maritime, Across Different Jurisdictions: A Comparative Analysis Of Uncitral, Indian Arbitration And Conciliation Act, 1996 And Singapore International Arbitration Act
Siddhant Yadav, BA LLB, Thakur Ramnarayan College of Law, Mumbai
Shraddha Mishra, BA LLB, Thakur Ramnarayan College of Law, Mumbai
INTRODUCTION TO ARBITRATION IN INDUSTRY SECTORS
Arbitration has emerged as the most frequently opted procedure for resolving clashes in different ventures because of its proficiency, adaptability, and impartiality. Not at all like traditional litigation, which at times incorporates lengthy court procedures and startling outcomes, arbitration permits parties to determine their disputes in a private, organized setting. This is particularly significant in ventures like construction, energy, and maritime, where conflicts are far reaching and can seriously impact project timelines of events, expenses, and connections.
As of late, there has been a rising affirmation of the need of industry-explicit arbitration frameworks that are adjusted to all area’s specific qualities and issues. This understanding has brought about the foundation of specific Arbitration rules and processes intended to meet the troubles of contentions in enterprises like construction, energy, and maritime. These specific structures furnish parties with the information and understanding expected to determine disputes in their specific businesses.2
