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Arbitration Agreement:
Arbitral Tribunal:
Arbitral Proceedings:
Costs:
Awards:
i) The Indian Arbitration and Conciliation Act, 1996 comprising of 4 Parts and 7
Schedules as follows:
The 4 Parts are:
the 1958 New York Convention on the Recognition and Enforcement of Foreign
Arbitral Awards (Section 44);
the 1923 Geneva Protocol on Arbitration Clauses (Section);
the 1927 Geneva Convention on the Execution of Foreign Arbitral Awards
(Section 53);
the Model Fee Schedule for Calculating Arbitrators’ Fees (Section 11(14));
the Arbitrator Guidelines on Impartiality and Independence (Section 12(1)(b));
the Model Form for Arbitrators’ Disclosure of Independence and Impartiality
(Section 12(1)(b)); and
the grounds for ineligibility in case of an arbitrator’s relationship with the
parties or counsel (Section 12(5)).
The Arbitration and Conciliation (Amendment) Act 2015, amended the Arbitration and
Conciliation Act 1996 and this came into force from 23rd October 2015.The Arbitration
and Conciliation Act, 1996 is broadly based on the 1985 UNCITRAL Model Law.
ii) New York Convention: India applies the convention only to the recognition and
enforcement of awards made in the territory of another contracting state, and only
to differences arising out of legal relationships - whether contractual or not - that
are considered commercial under national law.
iii) International Conventions and Treaties: India is a member of