Adv. Roopali Garg & Adv. Gurjant Singh Cheema, Advocate at Punjab & Haryana High Court
ABSTRACT
Alternate Dispute Resolution can be seen as one of the most efficient and prominent mechanism in resolving Disputes. It has proven to be a well sorted mechanism when compared to the drawbacks associated with conventional courts. Due to Globalisation there is a rapid growth in the international market and Companies connect beyond boundaries for various venture projects and international deals. During the course of business or during cross border transactions there is a scope for disputes to arise .This is when International Arbitration turns out to be a method to render justice in a very effective and unambiguous manner. When each party acts in good faith and complies with the conceptual principles of integrity, fairness, and transparency, the arbitral procedure runs smoothly in relation to the principles of natural justice.
There are various Rules and regulations which governs the proper conduct of International Arbitrations such as “Arbitration Rules” of the “London Court of International Arbitration 2014”, Rules” etc. This paper discusses about the conduct, procedure, challenges and judicial precedent pertaining to international arbitration.
Keywords: Arbitration, Alternate Dispute Resolution, Natural Justice, International Arbitration, Regulations
