The Central Government has introduced an important Bill in the form of the New Delhi International Arbitration Centre Bill, 2018 in the Indian Parliament. The Bill, if enacted, has the potential to change the face of arbitration in India. The Bill seeks to introduce the reforms suggested by the High Level Committe to review institutionalisation of Indian arbitration of converting the ICADR into an International Arbitration Centre through a statute.
This presentation (27 slides) provides a comprehensive overview of the said Bill. The presentation also gives a prelude to the developments leading to the Bill, including the relevant recommendations of the High Level Committee on the subject.
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