Arbitration is one of the most popular and widely recognized legal practices often used to resolve commercial disputes, especially in the context of international commercial transactions. In India, Arbitration services are trending since 1940. Since economic liberalization in 1991, the Government of India has made several amendments in Arbitration law to meet the economic reforms taking place in the country from time to time.
In the modern business scenario, Arbitration law services is a buzzword. According to the Arbitration Law, two parties appoint an arbitrator in case of a commercial dispute to give a binding solution to the dispute. It is an efficient way to settle the dispute outside the court saving them from tedious and complicated procedures of a court. The Act covers both Domestic as well as International Arbitration.
Arbitration law firms in India are popular for their cutting-edge Arbitration services to domestic and international clients at an affordable price. Arbitration lawyers of India are proficient in handling international and domestic arbitration and other forms of Alternative Dispute Resolution (ADR) such as mediation and conciliation which include various disciplines of commercial arbitration in India including Construction, Investment, Supply, Oil and Natural Gas, Technology, Infrastructure, Mining, Technology.
Advantages of hiring Arbitration law firms in India
- Arbitration lawyers of India are proficient in handling technical matters, they are dexterous in the specific field. Thereby disputes are resolved efficiently.
- Compare to the traditional legal process, the arbitral process is cost-effective and less time-consuming.
- It is a hassle-free process, where parties have the liberty to choose the venue, language, and time of the proceeding.
- Privacy and confidentiality remain high in this process.
- It is a flexible process; in this process, it is not mandatory to follow the strict and rigid rules and regulations as that of the court.
Services Provided by Arbitration Law Firms in India
Various types of disputes arise in business litigation such as a breach of contract, partnership and joint enterprise disputes, class actions, business torts, civil litigation, breach of fiduciary duty, and shareholder-to-shareholder litigation. Business litigation lawyers of India offers tailored support, customized to fit your needs and your budget.
Alternative Dispute Resolution:
According to Alternative Dispute Resolution, Mediation and arbitrationare two legal methods for solving legal disputes. Mediator and arbitrator both are unbiased third party, they resolve commercial dispute between two business parties. Alternative Dispute Resolution services provided by Arbitration Law Firmsavoid lengthy court delays and costs while your case gets solved from the comfort of your own office.
In the context of the international economic dispute, law firmshelp companies to resolve their business disputes. They offer independent advice for successful outcomes. Arbitration lawyers of India have years of industry experience in damage quantification and in the treaty and commercial arbitrations. They are well seasoned and neat-handed in industries like Oil and Gas, Construction, Financial Services, Mining, Technology, Telecommunications, pharmaceuticals, Hotel and leisure, Intellectual property, Electricity, Transportation, Manufacturing, Textiles, Media, Biotechnology.
Arbitration lawyers are proficient in international commercial arbitration. They have handled an array of international commercial arbitrations with the deployment of concrete arguments and unmatched strategies.
Arbitration lawyers of India have expertise in domestic arbitration. They handle complex arbitrations involving multi jurisdictions before various arbitral institutions of India and abroad. Their expertise lies in infrastructure, construction contracts like airports, Mining, export contracts, joint venture disputes, supply contracts, service contracts, technology contracts, investment, and banking sector.
Original Content Sources – https://www.globaljurix.com/blog/arbitration-law-services-in-india.php