2nd Arbitrate in India conclave 2023
May 13, 2023 | New Delhi
Our Partner Tejas Karia was invited to speak at Indian Dispute Resolution Centre’s (IDRC) 2nd Arbitrate in India Conclave organised in collaboration with Bar Council of India’s India International University of Legal Research and Education (IIULER). The conclave took place on May 13, 2023 at Dr Ambedkar International Centre, Janpath, New Delhi.
Tejas, along with an esteemed panel of legal experts discussed, “Making India a hub of International Commercial Arbitration: Current Trends & Challenges in Arbitration in lieu of Allowing Foreign Law Firms in India”.
At the conclave, Tejas mentioned that, “Arbitration has always been ad-hoc and slowly we are moving towards institutional arbitration. But the problem is that we do not have one prominent institution which can be termed as the premier institute of international arbitration of India. There is difficulty in creating and maintaining consistency across all the centers of international arbitration. Sh. Karia firmly put forth the point that taking all the institutions together and making a diverse panel of arbitrators, increasing transparency, and relying on institutions such as the IDRC would help us in achieving the dream. He concluded by saying that the 2019 Amendment which included Section 11(6A) was a positive step as the enforcement of the same would lead to promoting institutional arbitration in India.”