New Delhi
The first ever Global Conference to Strengthen Arbitration and Enforcement in India gets underway in New Delhi tomorrow. The three daylong conference titled, “National Initiative On Strengthening Arbitration And Enforcement In India” from October 21st to 23rd, 2016 is being launched by the Government and Judiciary as a major initiative to change the face of dispute resolution in India.
NITI Aayog, Ministry of Law & Justice, DIPP, National Legal Services Authority, International Center for Alternative Dispute Resolution, National Institute of Labour Economics Research and Development have collaborated to make India the centre of arbitration. Also for the first time six leading international arbitral institutions (HKIAC, ICC, KLRCA, LCIA, PCA and SIAC) and all major industry associations (FICCI, PHD Chamber, CII and ASSOCHAM) have come together to drive this initiative. The Conference seeks to provide impetus to commercial arbitration in India, which is fast gaining pace across the world, for faster, more efficient dispute resolution outside the court room.
President, Pranab Mukherjee a will inaugurate the three-day global Conference on the 21st October while the Prime Minister Narendra Modi will deliver the valedictory address on 23rd October. The Conference will have the Chief Justice of India, T.S. Thakur as its Patron-in-Chief. Union Minister for Finance and Corporate Affairs, Arun Jaitely and the Union Minister for Law and Justice and Electronics and Information Technology, Ravi Shankar Prasad will also address the conference in addition to luminaries from legal and corporate world.
Chief Justices of six countries are participating at the first ever Global Conference on Arbiration in India to share their thoughts. Distinguished Jurist Fali Nariman and William Rowley, QC, Chairman, LCIA Board are amongst the keynote speakers. The best minds from Indian and international legal bodies, corporate houses and the legal fraternity are participating in the Conference. The Conference will serve as a platform for discussing critical issues, sharing experiences on the best international practices and creating a roadmap to strengthen arbitration and its enforcement in the country.
The Conference will have 7 intensive brainstorming technical sessions. These will dwell on different facets to strengthen institutional arbitration and ensure a facilitative judiciary to encourage Indian and foreign parties to arbitrate in India. More than 1000 experts and Government functionaries are expected to participate in the Conference besides 1200 students and faculty from various law colleges.
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