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New Delhi International Arbitration Centre Bill
January 7 , 2019
2041 days
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- The Lok Sabha has recently passed the New Delhi International Arbitration Centre Bill.
- It aims to set up a revamped International Arbitration Centre at New Delhi with an aim to make India the hub of arbitration.
- The bill seeks to
- establish an independent and autonomous regime for institutionalised arbitration and
- for acquisition and transfer of undertakings of the International Centre of Alternative Disputes Resolution (ICADR).
- The New Delhi International Arbitration Centre is being set up as per the recommendation of the Justice B.N. Sri krishna committee.
- The chief justice of India is the ex-officio chairperson of the ICADR.
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