Arbitration Lawyers In Delhi

Written by:

Updated: 06-03-2024

What is arbitration law ?

It is a consensual process through which the parties to the dispute come to an agreement to settle their issues by presenting their case to a third party (arbitrator). The decision by the arbitrator would be binding on both the parties. The basis aim behind the arbitration law is to ensure that a confidential, efficient and flexible means of resolving dispute amongst the parties and also reducing the cost, while still helping the parties maintain their relationship in a peaceful manner.

Some of the key features of arbitration law have been discussed here under-

Legal framework

The arbitration law provides for a legal structure to be followed governing the process of arbitration including the arbitration agreement, the appointment of the arbitrators by the parties, the rules to be followed for the process of arbitration, the conduct of the proceedings for the arbitration. In Delhi, the law of arbitration is governed under the Arbitration and Conciliation Act, 1996, which provides for the framework of arbitration proceedings at both domestic and international levels.

Arbitration agreement

It is a contract between two parties who have agreed to sort their issues through arbitration. It generally would include the kinds of disputes subjected under the arbitration proceedings, arbitrator’s appointment, etc. For the process of arbitration it is important to understand the finer points of the agreement, hence it is advised to appoint an experienced arbitration lawyer for the same.

Selecting the arbitrator

Selecting an arbitrator for your arbitration proceedings is an important decision to be made. The parties to the dispute, as per the agreement in many cases could select their arbitrator for the arbitration proceedings, so that an impartial and independent hearing could be ensured.

Rules and conduct for the arbitration proceedings

The main characteristic feature of an arbitration proceeding is that they are flexible and informal so that the parties could finalise the required procedure suiting their specific needs as well as preferences. Therefore having a proper understanding of the procedural rules is necessary in order to ensure a favourable arbitration proceeding.

Arbitral Award

One of the important features of the law of arbitration is regarding the enforceability of the awards passed under the arbitration proceedings. The law of arbitrations deals with the arbitral proceedings both on the domestic and international levels. The Arbitration and Conciliation Act, 1996 deals with the arbitration law in Delhi as well as the other parts of the country.

Sharks of Law offers you a team of seasoned advocates who are committed to the satisfaction of their clients thus promising legal excellence.

Why Sharks of Law for arbitration matters ?

Expertise:- Renowned advocates such as Adv Tanvi, Adv Kansal at Sharks of Law boast an extensive experience and an in-depth knowledge about the arbitration proceedings including contractual disputes or any corporate conflict, Sharks of Law offers the highest level of legal representation.
Client-centric:- Sharks of Law places paramount importance on the satisfaction of the clients. Our firm assures a client-centric approach, thus prioritising the needs and demands of each client.
Comprehensive Services:- Sharks of Law provides a comprehensive set of services related to different laws including the arbitration law. From the first step of drafting the agreements for arbitration to counselling and representing the client for arbitral proceedings as well as addressing the needs of the client.