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Sudhir Sachdeva Law Classes

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Sudhir Sachdeva Law Classes 9999997086 Arbitration and Conciliation Act 1996 CS Executive- Jurisprudence Interpretation

Arbitration and Conciliation Act

1996

Law Classes 9999997086 Arbitration and Conciliation Act 1996 CS Executive- Jurisprudence Interpretation and General Laws
Law Classes 9999997086 Arbitration and Conciliation Act 1996 CS Executive- Jurisprudence Interpretation and General Laws

Sudhir Sachdeva Law Classes

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https://cacscmavideoclasses.blogspot.com/ CS Executive- Jurisprudence Interpretation and General Laws
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Sudhir Sachdeva Law Classes

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Sudhir Sachdeva Law Classes 9999997086 QUESTION-1 WHAT ARE THE AIMS OF ARBITRATION AND CONCILIATION ACT 1996.

QUESTION-1 WHAT ARE THE AIMS OF ARBITRATION AND CONCILIATION ACT 1996.

ANSWER:

AIMS OF ARBITRATION AND CONCILIATION ACT 1996

The Arbitration and Conciliation Act, 1996 aims at

streamlining the process of arbitration

and facilitating conciliation in business matters.

The Act recognizes the autonomy of parties

 

in the conduct of arbitral proceedings by the arbitral tribunal

and abolishes the scope of judicial review of the award

and minimizes the supervisory role of Courts.

The autonomy of the arbitral tribunal has further been strengthened

by empowering them to decide on jurisdiction

and to consider objections regarding the existence

or validity of the arbitration agreement.

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QUESTION-2 THE LAW OF ARBITRATION AND CONCILIATION ACT IS BASED ON WHICH INTERNATIONAL LAW?

ANSWER

The new Law is based on United Nations Commission on International Trade Law (UNCITRAL), model law on International Commercial Arbitration.

QUESTION-3 WHY THE ARBITRATION AND CONCILIATION ACT WAS PASSED?

ANSWER:

 

With a view to consolidate and amend the law relating to

domestic arbitration,

international commercial arbitration,

enforcement of foreign arbitral awards and

also to provide for a law relating to conciliation and related matters,

a new law called Arbitration and Conciliation Act, 1996 has been passed.

Arbitration and Conciliation Act, 1996 has been passed. CS Executive- Jurisprudence Interpretation and General Laws
Arbitration and Conciliation Act, 1996 has been passed. CS Executive- Jurisprudence Interpretation and General Laws

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