Himanshu Jakhmola, Law College Dehradun, Uttaranchal University
“Discourage litigation persuades your neighbours to compromise whenever you can point out to them how the nominal winner is often a real loser, in fees, expenses, waste of time...” -Abraham Lincoln
In the era of commercialisation where the cross-border trade is prevalent, India is developing itself as a big commercial hub to attract traders and making policies in the light of foreign direct investment (FDI). International arbitration has been acknowledged as an effective instrument for resolving disputes by the international community. The researcher through this article wants to enlighten that how international community is facing challenges in Indian prospective and also the process through which India’s becoming a hub to commercial trade and commerce. International commercial arbitration consists of arbitration proceedings that, deals with disputes which involve foreign parties and arises out of a relationship which is of a commercial or mercantile nature. Through this article researcher has also given suggestion of improvement in the International commercial arbitration in India which will help the investor to invest and feel free from litigation proceedings.
KEYWORDS: International Commercial Arbitration, cross-border disputes, government, law, agreement.