Abstract

Burgeoning international trade and commerce is accompanied by increasing cross-border commercial disputes. Given the need for an efficient dispute resolution mechanism, International Commercial Arbitration has emerged as the preferred option for resolving international commercial disputes and preserving business relationships. Despite having huge potential for international trade and commerce, India was slow in welcoming business outsiders and it was not until 1991 that economic reforms started to remove these restrictions. This has resulted in an influx of overseas ...