Institutional arbitration refers to a structured dispute resolution process. It occurs under the auspices of an established institution. These institutions provide rules and administrative support. They ensure impartiality and efficiency. This method is often preferred for its reliability. It can be faster and more cost-effective than traditional litigation. Institutional arbitration is recognised globally, enhancing its credibility in legal matters.
Nearly six years after Parliament amended India’s arbitration law to strengthen institutional arbitration, a key reform remains on paper. The Arbitration Council of India (ACI), envisaged as the...
