Merely creating arbitration institutions is not enough and we have to ensure that these dispute resolution centers are not controlled by a “self-perpetrating cabal”, said Chief Justice DY Chandrachud.
Speaking before the Supreme Court of the United Kingdom, Chandrachud said that now is the time for countries like India to seize the occasion to create and promote a culture of commercial arbitration and that strong institutionalization of arbitration will promote the culture of arbitration in the world. Global South.
He said arbitration is an alternative method of dispute resolution and is no longer an alternative but the preferred method of seeking commercial justice.
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