Abhishek, Author at Lexresolv

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Abhishek
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...
Owing to the nature of humans usually, conflicts and disputes are inevitable. Hence the need for the existence of dispute resolution mechanisms in order to prevent anarchy in society. Court litigation is the usual method for dispute resolution in most states. But the deficiencies of the system have prompted the increasing use of alternative dispute...
In a path-breaking judgment, the Supreme Court has observed that pre-deposit clauses to invoke arbitration would clog the arbitral process ineffective and make it expensive. In the case of M/s. Icomm Tele Ltd. Vs. Punjab State Water Supply & Sewerage Board & Anr a bench comprising of Justice R.F. Nariman and Vineet Saran struck down...
11Arbitration and Concilliation
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Arbitration and conciliation are two methods of dispute resolution. Arbitration is a process in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In contrast, conciliation is a process in which a third party assists the disputing parties in resolving their...