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ARTICLE · 16 JANUARY 2018

The New Delhi International Arbitration Centre Bill, 2018 - An Institutional Push To Arbitration In India

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The Indian government has been committed towards making India an international hub for arbitration, at par with international standards, one that would give comfort to investors and businesses.

IndiaLitigation, Mediation & Arbitration
Rajat Jariwal
Rajat Jariwal
Sahil Narang
Sahil Narang
Shagun Jaggi
Shagun Jaggi
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The Indian government has been committed towards making India an international hub for arbitration, at par with international standards, one that would give comfort to investors and businesses. The Arbitration (Amendment) Act, 2015 was a progressive step towards this end, in line with the concerted efforts of the Indian government to increase the ease of doing business in India. Another step in the right direction appears to be the New Delhi International Arbitration Centre Bill, 2018 (Bill) which was recently introduced in the Lok Sabha. The Bill provides for the establishment of the New Delhi International Arbitration Centre (NDIAC) as an autonomous and independent institution for promoting institutional arbitration in India, while recognising the failure of the existing International Centre for Alternative Dispute Resolution (ICADR) in effectively functioning as a centre for institutional arbitration.

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