Indian Arbitrators suffer from lack of Infrastructure and facilities- Justice G P Mathur

18 March, 2017

Description

It is difficult for Arbitrators in India, to function with maximum efficiency due to a lack of infrastructure and facility. This was said by Former Judge, Supreme Court of India – Justice G P Mathur. Justice Mathur was addressing the gathering as the Guest of Honour at Advanced Training Course on Techniques and Procedure of Arbitration organized by ASSOCHAM lnternational Council of Alternate Dispute Resolution in association with Singapore International Arbitration Centre.  

Speaking on the occasion, the President of the Society of Indian Law Firms – Dr. Lalit Bhasin urged the government to encourage the growth of good arbitration  institutions in India. He also outlined several challenges that hinder Arbitration in India. 

Delivering the keynote address, Managing Partner at Law Senate Arbitration Law Firm – S Ravi Shankar commended AICADR and ASSOCHAM for organizing the event which was the first of its kind in India. He went on to list the advantages that will help India become an international arbitration hub.

Also present on the occasion was the Chairman of the National Council on Legal and Regulatory Affairs, ASSOCHAM – Suman Jyoti Khaitan who stated that the time stipulated by the recently amended Arbitration Act, for the resolution of a dispute is not enough. He added that the amendments have gone too far. 

The event also featured discussions on various aspects of Arbitration such as Drafting of Arbitration Clauses, Appointment of Arbitrators, the Arbitration Process, Challenging and Enforcement of Arbitration Awards, Arbitration as a profession and the challenges and issues for Arbitration as a Dispute Resolution Mechanism besides a mock arbitration session. Prominent dignitaries that participated in the event included Head for South Asia SIAC – Pranav Mago; Former DG, Shipping – captain J S Gill; Executive Partner at Lakshmikumaran and Sridharan - Ganesh Chandru; Advocate and Arbitrator, Arista Chambers – Ajay Thomas; Partner at Shardul Amarchand Mangaldas – Tejas Karia; Former Government Arbitrator – Ganesh Kabi, Senior Advocates, Supreme Court of India – Gourab Banerji, Indu Malhotra and Priya Hingorani and Director General, AICADR – G P Srivastava besides others.