Alternate Dispute Resolution Systems
Synthetic audio, Automated braille
Summary
The Arbitration and Conciliation Act, 1996, aims to facilitate the resolution of disputes in international trade and commerce through streamlined and accessible means. It effectively promotes arbitration as a primary method of alternative dispute resolution, ensuring minimal court interference. By… prioritizing efficiency and convenience, the Act provides a robust framework that supports the swift and fair settlement of commercial conflicts, aligning with global standards and enhancing the attractiveness of arbitration for international parties. This legislative approach underscores the commitment to fostering a favorable environment for international trade and commerce.