Arbitration is a private process where disputing parties agree that one or several individuals can make a decision about the dispute after receiving evidence and hearing arguments.
The arbitration process is similar to a trial in that the parties make opening statements and present evidence to the arbitrator. Compared to traditional trials, arbitration can usually be completed more quickly and is less formal. For example, often the parties do not have to follow state or federal rules of evidence and, in some cases, the arbitrator is not required to apply the governing Law.
With alternate dispute resolution processes becoming more popular and convenient in comparison to traditional dispute resolution mechanisms, Indian companies as well as foreign entities that entered into business transactions with Indian parties are increasingly opting to resolve their commercial disputes through arbitration.
Moreover, the arbitration has received a significant lift in India after the significant amendments that have been made to the Arbitration & Conciliation Act, 1996, In the context of cross-border trade and transactions, arbitration remains the primary dispute resolution mechanism with foreign seat under institutional rules.
It necessitates arbitrations, seated in India, to be conducted in a timely manner with hearings to be conducted on a day-to-day basis. For the effective implementation of this strict timeline, parties require the support of dedicated full-time arbitration teams. We understand the requirement and have created a team that focuses on this practice.
The Arbitration Practice team has dedicated arbitration lawyers for handling matters seated in India and overseas. Our office assists clients with resolution of disputes in all areas of general and special practices in a broad range of industrial sectors including Oil and Gas, Power, Mining, Construction and Infrastructure, Real Estate, Entertainment and Media, Banking and Finance, Aviation, Insurance and Reinsurance, International Finance, International Investments, Intellectual Property, Information Technology, Telecommunications, etc.
The team is involved in every aspect of international and domestic arbitration such as: