The Scope Of Emergency Arbitration In India: An Overview

INTRODUCTION

In today's fast-paced commercial world, where time is often as valuable as the assets at stake, traditional dispute resolution mechanisms may prove too slow to prevent irreparable harm. In this backdrop, Emergency Arbitration has emerged as a critical innovation in alternative dispute resolution, offering parties a way to obtain urgent interim relief when time is of the essence, and is an effective solution in light of challenges surfacing in institutional arbitrations across the globe. This concept of Emergency Arbitration ("EA"), which requires the appointment of a temporary arbitrator, provides speedy resolution of the dispute within days, given the urgency of the matter and the reliefs sought therein.