Motilal Oswal
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Motilal Oswal
August 16, 2018 08:21 AM IST | Legal

Why the new arbitration bill is much ado about nothing

The amended Arbitration and Conciliation Act, 1996 aims to provide for a time-bound settlement of disputes, accountability of the arbitrator and creating an architecture for institutional arbitration in order to make India a hub for domestic and global arbitration for settling commercial disputes.
The outstanding issues and lack of clarity on legal pronouncements make India an unattractive destination for international commercial arbitrations.
Why the new arbitration bill is much ado about nothing
Published Date: Aug 15th, 2018 07:15 AM | Updated Date: August 16, 2018 08:21 AM IST
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