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Arbitration

Arbitration

Ratings: (0)|Views: 177 |Likes:
Published by NIKHIL_S

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Categories:Topics, Art & Design
Published by: NIKHIL_S on Apr 27, 2010
Copyright:Attribution Non-commercial

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06/18/2012

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We need not approach the court for each and everything-Prof. Suresh R. Lalwani
Alternate Dispute Resolution (ADR)
 
Obj
ectives of the Act
Toprovidequickredresstocommercialdisputes
TofulfilltheneedofAlternateDisputeResolution.(ADR).
FourmethodsofADR-negotiation,mediation,conciliationandar
b
itration.
Negotiation'ischeapestandsimplestmethod.
Ifitdoesnotwork,mediationthroughamediatorcan
b
etried.
Ifitdoesnotwork,conciliationandar
b
itrationwill
b
euseful.
Ar
b
itrationActmakesprovisionforconciliationandar
b
itrationasADRmechanisms.
Anar
b
itratoris
b
asicallyaprivate
j
udgeappointedwithconsento
b
oththeparties.
Obj
ectofar
b
itrationissettlementofdisputeinanexpeditious,convenient,inexpensiveandprivatemannersothattheydonot
b
ecomethesu
bj
ectoffuturelitigation
b
etweentheparties.
 
LAW BASED
O
NUNCITRAL M
O
DEL LAW
ThepresentActis
b
asedonmodellawdrafted
b
yUnitedNationsCommissiononInternationalTradeLaws(UNCITRAL),
b
othondomesticar
b
itrationaswellasinternationalcommercialar
b
itration,toprovideuniformityandcertaintyto
b
othcategoriesofcases.

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/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->