In a recent seminar titled ‘Recent Developments in Arbitration to Promote Business’, Supreme Court Justice Hima Kohli praised the role of Indian courts in enhancing the country’s standing as a preferred arbitration destination. The event was jointly organized by law firms Gibson Dunn Secretariat and UNUM Law, in collaboration with the International Arbitration and Mediation Centre (IAMC) and the General Counsels’ Association of India.
Justice Kohli highlighted the increasing complexities of dispute resolution in the context of burgeoning international trade. She noted that Alternative Dispute Resolution (ADR), particularly arbitration, has become an indispensable mechanism for businesses to navigate these complexities efficiently.
“India’s evolution as a hub for commercial arbitration is attributable to the judiciary’s consistent efforts to expedite proceedings under the Arbitration and Conciliation Act, 1996, and to maintain a pro-enforcement stance,” remarked Justice Kohli. She underscored that India’s transformation has been significantly driven by a judicial commitment to uphold the integrity of arbitral awards.
According to Justice Kohli, various landmark judgments stand as testimony to India’s dedication to maintaining the sanctity of arbitration awards, thereby reinforcing the nation’s reputation as a reliable partner in international arbitration and mediation services.
