Bhaskar Joshi, Faculty of Law, University of Delhi
What is emergency arbitration?
Emergency Arbitration, also known as emergency relief, is a new concept in arbitration that is ideal for those who want to safeguard their assets and evidence from being tampered with or getting lost. In most cases, the parties agree to and arrange the arbitration directly, rather than going via a Court of Justice in the first instance. The proceedings, whether in a home country or internationally, are conducted by an arbitrator in accordance with respect to the party’s agreement or with their consent. Emergency arbitrations have several advantages over traditional court procedures, including speed, affordability, and the avoidance of extrajudicial intervention. Be that as it may, if the order of Emergency Arbitrator's isn't followed, the whole arrangement of Emergency Arbitration will be rendered obsolete.
