Litigation, Arbitration & Dispute Resolution
2_2018_LS_Eng
The New Delhi International Arbitration Centre Bill, 2018 (“Bill”) (attached herewith) has been introduced in the Lok Sabha for establishing the New Delhi International Arbitration Centre (“NDIAC”) in place of the existing International Centre for Alternative Dispute Resolution.
The Bill aims to declare the NDIAC an institution of national importance for the overall development of alternate dispute resolution. Notably, the proposed functions of the institution include not only serving as an arbitration institution, but also establishing an academy for training arbitrators, particularly in international commercial arbitration, and conducting research in alternate dispute resolution.
We shall share a detailed analysis of the Bill shortly.
For any queries or comments on this update, please feel free to contact us at drupdate@elp-in.com.
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