Arbitration: One Size Does Not Fit All: Necessity of Developing Institutional Arbitration in Developing Countries
Author(s)Shah, Namrata; National Law School of India University, Bangalore.
Gandhi, Niyati; National Law School of India University, Bangalore.
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AbstractLitigation in developing countries has many defects which has prompted a need for the development of alternative dispute resolution mechanisms. Arbitration, being one such substitutive mechanism as a type of private litigation is the most suitable for the same. This paper deals with the need to develop institutional arbitration to co-exist with ad hoc arbitration and scale it down to be available for dispute resolution in developing countries using an illustration of India. Certain recommendations to make institutional arbitration, which is considered to be appropriate for international commercial dispute resolution, suitable for domestic disputes in developing countries have been highlighted.