International Commercial Arbitration - Special emphasis on Interpretation and Recognition, Based on Principles

Shatakshi Tripathi , Tivra Tripathi

Arbitration, International, Commercial, Globalization, Law

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.

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"International Commercial Arbitration - Special emphasis on Interpretation and Recognition, Based on Principles", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 5, page no.242 - 248, May-2021, Available :https://ijsdr.org/papers/IJSDR2105041.pdf

Volume 6 Issue 5, May-2021

Pages : 242 - 248

Paper Reg. ID: IJSDR_193317

Published Paper Id: IJSDR2105041

Downloads: 000347200

Research Area: Management

Country: LUCKNOW, Uttar Pradesh, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2105041

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2105041

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJSDR(IJ Publication) Janvi Wave

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