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Author: Pratik Dahule
Pratik Dahule
Pratik is a law student and is interested in Arbitration and corporate law.
Introduction Today’s world is experiencing rapid growth in extraterritorial trade, leading to inevitable disputes among participating parties. Due to the value of time, parties often prefer resolving differences outside traditional courtrooms. With millions of pending cases, the courts are overburdened. Additionally, to preserve privacy and commercial relations, court intervention is generally avoided. Arbitration is the most recognized and practiced method of Alternative Dispute Resolution (ADR). The Model Law on International Commercial Arbitration was introduced in 1985 by the United Nations Commission on International Trade Law (UNCITRAL). Countries seeking to improve their arbitration systems have adopted this Model Law. India enacted…
