LS passes Arbitration and Conciliation (Amendment) Bill, 2015
The Lok Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2015, aimed at making dispute resolution in the country quicker and easier.
What is the objective of the bill?
The objective of the bill is to make the arbitration process friendlier and cost effective for investors, ensuring speedy disposal of cases. This will make India a hub for international commercial arbitration, a government statement said. Read More
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