September 2, 2021 - Lexresolv

Day

September 2, 2021
What is International Commercial Arbitration? “International commercial arbitration” has three elements. First is that there is an arbitration agreement; secondly; the arbitration is international as opposed to domestic in character, and thirdly it relates to commercial matters. An arbitration is international in character if – a) the parties to an arbitration have, at the time...
The undergoing of technical revolutions have dwarfed the industrial revolution in more than one way. The advent of Artificial Intelligence (AI) is affecting the legal industry as well, with the chance of a digital judge arriving in the upcoming years. However, law firms are already experiencing the effects of AI on arbitration.  Generally speaking, humans...
Arbitration is an Alternative Dispute Resolution (ADR) mechanism. The increasing burden of pending cases has necessitated its adoption. It seeks to provide an alternative solution to dispute adjudication outside the courtroom structure. The Arbitration and Conciliation Act, 1996 (Act) governs the entire gamut of cases submitted to arbitration. Over time, the world has progressed to...