International Commercial Arbitration In India: Problems And Prospectives





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


ABSTRACT


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.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

Submit Manuscript: Click here

Open Access Logo

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:

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.