{"id":65962,"date":"2019-08-16T17:48:38","date_gmt":"2019-08-16T12:18:38","guid":{"rendered":"https:\/\/apnlive.com\/?p=65962"},"modified":"2019-08-18T11:20:40","modified_gmt":"2019-08-18T05:50:40","slug":"challenges-future-arbitration-mediation-india","status":"publish","type":"post","link":"https:\/\/apnlive.com\/india-news\/challenges-future-arbitration-mediation-india\/","title":{"rendered":"Challenges & Future of Arbitration and Mediation in India"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Legal luminaries to provide insights at the Legal Leadership Conclave organised by India Legal magazine and ENC grouptomorrow(Saturday, Aug 17) at Bengaluru<\/em><\/strong><\/p>\n

At a time when India launches on the path to establish itself as a leading economic power, India Legal magazine, a leading weekly on all matters legal and constitutional, has taken the initiative to organise an event for brainstorming on a key aspect relating to conduct of business in the country.\"Legal<\/a><\/p>\n

Many of the top legal luminaries of the country, experts in their domain, will gather at the Legal Leadership Conclave to be held tomorrow (Saturday, Aug 17) at Taj West End, Bengaluru, on the theme of challenges and future of arbitration and mediation in India to provide their valuable insights on different aspects of the subject.<\/p>\n

The event is being held in partnership with the ENC group and APN, together with JASHN Events.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1565957779560{border-top-width: 10px !important;border-right-width: 10px !important;border-bottom-width: 10px !important;border-left-width: 10px !important;padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #bababa !important;border-radius: 10px !important;}”]Here is a brief note about the eminent persons of law who will address the conclave:<\/p>\n

Justice MN Venkatachaliah, former Chief Justice of India (1993-94), the patron of the ENC group is the chief guest at the conclave.<\/p>\n

Justice TS Thakur, 43rd Chief Justice of India, has held arbitration to be the most viable form of dispute resolution that could reduce pressure on courts allowing quicker delivery of justice. He will chair the first technical session of the LegalLeadershipConclave organised by India Legal Magazine<\/a>.<\/p>\n

Justice BN Srikrishna, a former Supreme Court judge, who will speak on challenges and reforms in Indian arbitration and mediation system at the conclave, is currently the chairman of the Financial Sector Legislative Reforms Commission (FSLRC) and also works as an independent arbitrator.<\/p>\n

Justice Alok Aradhe, serving as Judge, Karnataka High Court since Nov 17, 2018, had worked on Arbitration and Company Matters at the very start of his career in law as an advocate. One of the distinguished participants in first technical session of the conclave, he will speak on\u00a0 Challenges to arbitral awards \u2013 commercial courts and need for training of judges.<\/p>\n

Justice (Retd) V Jagannathan, who was a judge in Karnataka High Court and served on Arbitration and Conciliation Centre – Bengaluru, will speak on \u201cArbitration as an effective tool for ADR process\u201d in the first technical session.<\/p>\n

Justice RV Raveendran, a former judge of the Supreme Court of India, who has a formidable reputation as an expert in arbitration, will chair the second technical session at the conclave.<\/p>\n

Justice (Ms) BV Nagarathna of the Karnataka High Court has earlier practised law pertaining to, among other things, arbitration and conciliation. An eminent speaker to address the second technical session, she will talk about \u201cMediation: Achievements and Challenges\u201d.<\/p>\n

Senior advocate Sriram Panchu, who has been in the forefront of the mediation movement in India and is an internationally recognized Indian mediator, will speak on \u201cArbitration and Mediation: Strange bedfellows or harmonious partners\u201d.<\/p>\n

Senior Advocate and Mediator Shiv Kumar, one of the eminent speakers at the conclave, will talk about \u201cMed-Arb: Need for Statutory Reforms and Training\u201d in the second technical session.<\/p>\n

Deepak Sharma, Managing Director, North-Starcom MediaVest Group, will speak on \u201cBranding India as International Mediation hub\u201d.<\/p>\n

Prof Ashok R Patil of national Law School of India University, a director of the Online Consumer Mediation Centre set up by the Ministry of Consumer Affairs, Government of India, will speak on \u201cOnline Mediation: Future techniques of mediation\u201d in the 2nd technical session of the conclave.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Arbitration and Mediation are the forms of Alternative Dispute Resolution. As opposed to litigation which is adversarial, these are means for resolving disputes. With the problem of mounting pendency of cases these can provide an alternative ways to resolve disputes or conflicts.<\/p>\n

While such resolution of disputes is a key catalyst for economic growth, India, although an emerging global powerhouse, lags far behind most developed economies in this regard.<\/p>\n

As India moves towards the aim of becoming a $5 trillion economy in the next five years, it is imperative that to find ways to address the increasing judicial backlog, ease the burden on courts and encourage investor confidence.<\/p>\n

In the search for newer and more efficient solutions, the case for bolstering alternative dispute resolution mechanisms, if there ever needed to be one, has never been stronger.<\/p>\n

The laws relating to arbitration, mediation and conciliation have been on the statute books for over two decades now, but we are yet to fully reap their benefits.\"One<\/a><\/p>\n

Recently, Parliament passed the New Delhi International Arbitration Centre Bill to set up an independent and autonomous regime for institutionalised domestic and international arbitration. But a considerable distance needs to be travelled to turn India into an international arbitration hub competing with the likes of those in Singapore, London and Paris.<\/p>\n

With this conclave, India Legal aims to bring together various stakeholders to discuss and evaluate how this turnaround can be achieved.<\/p>\n

Legal leadership Conclave is a series of discussions and events being held nationwide on a wide range of contemporary legal issues with the participation of sitting judges of the Supreme Court and High Courts and several other legal luminaries and thought leaders under the banner of ENC Group.<\/p>\n

Earlier conclaves focused on similar areas of core interest to businesses. The Legal Leadership Conclave held at Mumbai in April had Insolvency and Bankruptcy Code (IBC) as the topic for discussion.
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