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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | International Commercial Arbitration - Special emphasis on Interpretation and Recognition, Based on Principles |
| Authors Name: | Shatakshi Tripathi , Tivra Tripathi |
| Unique Id: | IJSDR2105041 |
| Published In: | Volume 6 Issue 5, May-2021 |
| Abstract: | In the new arena the traditional practice of dispute settlement within the Court having territorial jurisdiction has been shifted and the paradigm has inclined towards the more flexible procedures, namely the Alternative Dispute Resolution techniques. Moreover, it is crystallized that arbitration mechanism is a choice and naturally preferred mechanism, when it comes to arbitration, there are various means and types of it but within them all the International Commercial Arbitration is the one which has gained maximum instances of solutions. It is also due to the exponential increase in the growth of international trade and commerce that yields such regimes which are necessary for the smooth administration and regulation of international trade. It is essential to know what is meant by international nature of arbitration, as that is central to the regime of private international law governing arbitration and to the associated ambiguities arising out of the methodologies and controversies. From application of law, recognition to interpretation and then execution of the award is a long process stemming between internal laws and international laws and maintaining the comity of nations. Rooting from the ancient practices and strengthening over time, arbitration has been always a flouring practice in India, in some or the other way. |
| Keywords: | Arbitration, International, Commercial, Globalization, Law |
| Cite Article: | "International Commercial Arbitration - Special emphasis on Interpretation and Recognition, Based on Principles", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.6, Issue 5, page no.242 - 248, May-2021, Available :http://www.ijsdr.org/papers/IJSDR2105041.pdf |
| Downloads: | 000337214 |
| Publication Details: | Published Paper ID: IJSDR2105041 Registration ID:193317 Published In: Volume 6 Issue 5, May-2021 DOI (Digital Object Identifier): Page No: 242 - 248 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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