Comments invited on the working paper of the high level committee to review the Institutionalisation of Arbitration Mechanism in India by 7 April 2017

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MIL OSI Asia Pacific

Source: Government of India

Headline: Comments invited on the working paper of the high level committee to review the Institutionalisation of Arbitration Mechanism in India by 7 April 2017

The
Government of India has emphasised the need for promoting arbitration as a
preferred dispute resolution mechanism for commercial disputes. Pursuant to
this, a High Level Committee has been constituted under the Chairmanship of Mr.
Justice B N Srikrishna, Retired Judge, Supreme Court on 29th December
2016 to review the institutionalisation of arbitration mechanism in India and
submit a report.

The
Committee has prepared a Working Paper, which is available on the website of
the Ministry of Law and Justice at http://legalaffairs.gov.in/admin3

The
Working Paper seeks to ask some important questions as to how to make India as
a hub for institutional arbitration. The Paper also attempts to review why
several existing arbitral institutions in India are not functioning
effectively. For this purpose, the Committee has prepared two questionnaires
addressed to (a) arbitral institutions in India; and (b) stakeholders in
arbitration such as parties, their in-house counsel, lawyers and arbitrators.
The questionnaires constitute Annexures 1 and 2 to the Paper.

Further,
the Paper studies some of the most popular arbitral institutions worldwide in
order to identify international best practices. On this basis, the paper
identifies areas for reform in the Indian arbitration landscape.

The
Committee invites public comments on suggestions made in this Working Paper as
well as any other suggestions on strengthening institutional arbitration in
India. All responses should be limited to 25 typed pages. The comments may be
submitted by email to hlcarbitration@gmail.com on or before 7th April
2017.

Further,
all existing arbitral institutions in India are requested to complete the
questionnaire annexed as Annexure 1 to this Working Paper and email the completed
questionnaire to hlcarbitration@gmail.com on or before 7thApril 2017. Alternatively, the questionnaire can be filled
as a Google form at this link –

https://docs.google.com/forms/d/e/1FAIpQLSeI-7n4DMChhsVzMh9NZIgYu20fww22lt5-8mwJbA3aZbz6Mg/viewform?usp=sf_link

All
parties, in-house counsel, lawyers and arbitrators are requested to complete
the questionnaire annexed as Annexure 2 to this Working Paper and email the
completed questionnaire to hlcarbitration@gmail.com on or before 7 April 2017.
Alternatively, the questionnaire can be filled as a Google form at this link –

https://docs.google.com/forms/d/e/1FAIpQLSdOP2TquwPKF-6M7ZPjy1LlOnMQPawTu3fU71fk4UeSFFLQhQ/viewform?usp=sf_link

NNK/MD

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