INTERNATIONAL COMMERCIAL ARBITRATION AND THE ARBITRATION ACT OF INDIA
Keywords:
commercial, incidental, arbitration.Abstract
This article tells about Indian arbitration and conciliation Act, 1996 was enacted to consolidate and to amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliation and for matters connected therewith or incidental thereto. Main objects of the 1996 Act, amongst others were to comprehensively cover international commercial arbitration and to provide that, for purposes of enforcement of foreign awards; arbitral award made in a country to which one of the two International commercial relating to foreign arbitral awards to which India is a party applies will be treated as a foreign award.
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