Remove legal-news arbitration-blog-post-two
article thumbnail

Voila! Let’s Arbitrate! Blog Post-2: What is International Commercial Arbitration?

LexForti

Now, Before going into the process of how any international commercial arbitration takes place and what are the technicalities involved and procedure followed while a party intends to go for arbitration, we need to understand what exactly is International Commercial Arbitration. Number 2: Ad Hoc Arbitration.

article thumbnail

VOILA! LET’S ARBITRATE! BLOG POST-5: Send ‘EM THE NOTICE OF ARBITRATION.

LexForti

Since we have already understood the meaning of International Commercial Arbitration and the basic process of conducting any commercial arbitration, we can now start with how a party can invoke an arbitration clause when a dispute arises from a commercial contract.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

VOILA! LET’S ARBITRATE! BLOG POST-9:Award them with the Award!

LexForti

We have finally come to the that point for which we actually started to understand the complete process of International Commercial Arbitration. The Arbitration Award!! After considering all the written and oral submission of both the parties, the tribunal gives the much-awaited decision which is also known as Arbitral Award.

article thumbnail

VOILA! LET’S ARBITRATE! BLOG POST-4: ARBITRABILITY BEFORE ARBITRATION.

LexForti

Before initiating any arbitration process, there is a need to understand and figure out whether the subject matter of the dispute is Arbitrable or not. Till this day, the courts as well as tribunal have given multiple opinions about the arbitrability of various disputes. In the case of N. Radhakrishnan v.

Sports 52
article thumbnail

Voila! Let’s Arbitrate! Blog Post-1: What Arbitration? Why Arbitration? How Arbitration?

LexForti

Let suppose there are two companies namely ‘X’ Private Limited and ‘Y’ Corporation. However, when Y inspected the delivered goods after two days, they found out that 50 of the wooden plies delivered are broken. Now your question must be, why do we choose Arbitration over a Civil Suit? WHAT IS ARBITRATION? Definitely!

article thumbnail

VOILA! LET’S ARBITRATE! BLOG POST-7: ARBITRATORS AND THEIR APPOINTMENT

LexForti

So today we are going to talk about the appointment of arbitrators in an International commercial arbitration. In any kind of Arbitration with its seat in India, parties are free to agree on a procedure for appointing the arbitrator according to Section 11 of the arbitration and conciliation act 1996.

Court 40
article thumbnail

Evolution and Process of International Commercial Arbitration in India

LexForti

Ever thought since when the concept of arbitration started happening? According to the biblical theory, King Solomon was considered to be the first arbitrator when he settled the issue between two women who were claiming to be the mother of a baby boy. It covers both International and Domestic arbitration.