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Blog posts : "commercial"

Pre-Institution Mediation under Commercial Courts Act, 2015 - Its Importance and Process

The Commercial Courts Act, 2015 was enacted to provide speedy and efficient resolution of commercial disputes in India. The Act established commercial courts, commercial divisions and commercial appellate divisions in various states and high courts. However, the Act also recognized the importance of alternative dispute resolution mechanisms, such as mediation, for settling commercial disputes amicably and expeditiously.

In 2018, the Act was amended to introduce Section 12A, which made pre-ins…

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Lecture on International Commercial Arbitration In India

With increase in International Trade and Cross Border Business Transactions, Cross Border commercial Disputes are getting common and therefore need of mechanism for effective dispute resolution and for preserving business relations arise. INTERNATIONAL ARBITRATION has emerged as a preferred option of resolving cross border commercial disputes.Section 2(1)(f) of the Act defines an International Commercil Arbitration as a legal relationship which must be considered commercial, where either of …

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