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India As An Emerging Arbitration Hub And Way Forward In Light Of 2021 Amendment Act




Rakshita Singh & Vaishnavi Agrawal, BA LLB (H), Institute of Law, Nirma University, SG Highway, Ahmedabad (Gujarat)


ABSTRACT


The blog underlines the growing importance of arbitration as a mechanism for dispute resolution among international parties. It elaborates upon the various economic and strategic advantages of emerging as an international arbitration hub. India aspires to be an international arbitration hub but the legislative framework currently in place does not entirely support its aspirations. The Arbitration and Conciliation Amendment Act, 2021 has created a subtle aversion amongst foreign investors due to increased government intervention in matters of dispute resolution. The blog also highlights various factors that contribute towards a nations goal to emerge as a ‘hub’ and how India has a long way ahead of itself to achieve its ambition.


Keywords: International Arbitration, hub, amendment, enforcement, award, legislative framework

Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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