Briefly explained about the act, introduction, origin, various functions etc. Mail me at amish4400@gmail.com if you want full script for the ppt. I would love to help.
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2. Arbitration
Form of alternative dispute resolution
Alternative to court room litigation
Parties submit their disputes to third party called as
Arbitrators
The arbitrator makes binding decisions
4. Origin
Village panchayats prevalent in ancient India
Decision were accepted and obeyed unquestionably
Saw a change of pattern in 21st century
5. Ad-hoc Arbitration
Institutional Arbitration
Statutory Arbitration
Domestic and International Arbitration
Foreign Arbitration
6. Pros
Confidentiality
Limited discovery
Speed
Expert
Cost savings
Preservation of business relationship
Cons
Sometimes misleading
Parties waive their access to the courts
7. Some types of arbitral disputes are:
Property
Insurance
Contract
Business/Partnership disputes
Family disputes(except divorce matters) etc.
8. An act to consolidate the law relating to:
a) Domestic arbitration
b) International commercial arbitration
c) Enforcement of foreign arbitral awards
Incorporated rules and regulation from the UNICTRAL
Model Law on International Commercial Arbitration
and the UNICTRAL rules on Conciliation.
9. It is defined under section 7 of the Arbitration and
Conciliation Act 1996
It means an agreement by the parties to submit to
arbitrator all or certain disputes which have arisen or
which may arise between them in respect of defined
legal relationship.
It may be in the form of an arbitration clause in a
contract or in a separate agreement.
Various telecommunication forms
10. According to section 2(1)(d) of Act arbitral tribunal
means a sole arbitrator or a panel of arbitrators.
No. of arbitrators
A person of any nationality may be an arbitrator, unless
otherwise agreed by the parties
11. Under section 2(1)(c) of Arbitration and Conciliation Act
1996 arbitral awards includes an interim award.
Judgment pronounced by an arbitral tribunal
Section 35 of Act states that an arbitral award shall be
final and binding on the parties and person claiming
under them.
12. Final Award- refers to as when the arbitration
proceedings stand terminated and award made is
binding on the parties.
Interim Award- refers to as a protective measure an
arbitral tribunal may make a interim order in respect of
the subject matter of the dispute.
13. The Government of India decided to amend the
Arbitration and Conciliation Act, 1996 by introducing
the Arbitration and Conciliation (Amendment) Bill,
2015 in the Parliament which include:
Definition of expression Court
Section 2(2)
Section 8
Section 9
14. Circumstances exist that give rise to justifiable doubts
as to his/her independence or impartiality or
He/she does not possess the qualifications agreed to by
the parties