​Draft Arbitration and Conciliation (Amendment) Bill, 2024

On 18th October 2024, the Union Law Ministry issued the draft Arbitration and Conciliation (Amendment) Bill, 2024.

Key Features

  • Establishment of Appellate Arbitral Tribunals: The Bill proposes the creation of appellate arbitral tribunals, allowing parties to appeal arbitration awards within the arbitration framework, which adds a layer of review to the arbitration process.
  • Emergency Arbitration Provisions: The draft Bill includes provisions for emergency arbitration, enabling parties to seek interim relief before the formal constitution of an arbitral tribunal, thereby facilitating swift resolutions in urgent situations.
  • Promotion of Institutional Arbitration: The Bill Aims to bolster institutional arbitration by defining what constitutes an ....

Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Public Policy