NUANCES OF ARBITRATION
ASSOCHAM International Council of Alternate Dispute Resolution (AICADR) in collaboration with Singapore Interna tional Ar bi tra tion Centre (SIAC) and supported by International Chamber of Commerce (ICC), Regional Office, Singapore and Jonnalagadda LLP(Advocates& Solicitors) ,organised' Advance Training Course on Techniques and Procedure of Arbitration' on July 29-30,2017.
The training course was mainly intended to acquaint the participants with necessary skills, techniques, procedures of Arbitration and the recent developments brought out in the amended Arbitration and Conciliation (Amendment) Act, 2015.
The Training Course was inaugurated by Hon'ble Justice Challa Kodanda Ram, Judge, High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh.
Mr. G. P. Srivastava, Director General, AICADR in his welcome address stressed upon the growing need to train young arbitrators after the amendment to the Arbitration & Conciliation (Amendment) Act, 2015."As we require more seasoned professionals in the years to come, therefore, on our request, Singapore International Arbitration Centre, Singapore, readily agreed to organise this joint training course. More such training courses will be organised in different locations in India", he said.
While speaking on the occasion, Justice C. Kodanda Ram said, "we do not have the trained and committed arbitrators, the factsand rules are only procedures of arbitration but what is important is domain knowledge." He laid emphasis on commercial disputes. "The competence of a Judge sitting in court deciding a dispute is different from aJudge Arbitrator deciding an arbitration issue in respective area of dispute, like engineering contract, technology related contracts. Alargenumber of issues would get sorted at the initial stages only, if the parties to the agreement visualize and foresee the potential issues of dispute and address them at the time of drafting of agreements itself. Drafting an agreement requires some specialized skills."
The training course was mainly intended to acquaint the participants with necessary skills, techniques, procedures of Arbitration and the recent developments ...
"Earlier in all arbitration agreement Geneva used to be the seat of arbitration, then it shifted to London and now the trend seems to be Singapore and Dubai and now with the efforts put in by ASSOCHAM, Delhi High Court and High Court of Telangana and Andhra Pradesh, where the rules are being framed, the focus has shifted to India and will make India as a seat of arbitration in the future."
While addressing the audience, Mr. J. L. N Murthy, Regional Convener, Hyderabad, ASSOCHAM-ICADR,explained briefly on some of the important provisions under the new Arbitration and Conciliation (Amendment) Act of 2015which would be very useful to the common man in litigation, in saving costs, time and quick disposal.
Mr. Pranav Mago, HeadSouth Asia, SIACand Capt. J. S. Gill, Hon. Advisory, Shipping also spoke on the need to adopt Arbitration as a preferred mode of settlement of disputes.
Mr. S. Ravi Shankar, Mg. Partner, Law Senate, in his address highlighted the key features of the various topics being covered in the training course. A Knowledge Report prepared by him was also released during the event.
Hon'ble Shri Bandaru Dattatreya, MoSfor Labour and Employment, Government of India was the Chief Guest at the Valedictory Function held on July 30th, 2017.
Talking about Arbitration, he said that it is a professional mechanism based on legal admissions. "We want to be in international arena and we want to go in competence for early settlement of disputes and hence the Govt. of India has amended the Arbitration and Conciliation Act, 1996. The major changes being, simple procedures, fixed time limits as it is 18 months, it should be resolved and minimum intervention by the courts. First time in the history, wehave taken very fast track decisions. Our thinking is to avoid litigation and sometimes Government itself is a big litigant and hence we scrapped 1159old laws." He also spoke on the digitalization programme, computerization and e-courts of Govt. of India.
He distributed certificates of participation to successful participants who underwent the training course.
Mr. Bandaru Dattatreya, Minister of State for Labour & Employment receiving the portrait during ILO Conference at Geneva by Mr. G.P Srivastava, Director-General, AICADR. (L to R): Mr. S. Ravi Shankar, Mg. Partner, Law Senate; Mr. J.L.N. Murthy, Regional Convener, AICADR, Hyderabad, Mr. Pranav Mago, Head-South Asia, SIAC and Capt. ).S. Gill, Hon. Advisor, Shipping.
Mr. G. P Srivastava presenting memento to Mr. Bandaru Dattatreya, MoS, Labour & Employment. Also seen Mr. S. Ravi Shankar and Mr. 1. L. N. Murthy Justice C. Kondana Ram, Judge, High Court of Judicature at Hyderabad, delivering the inaugural address. (L to R): Mr. G. P Srivastava, Mr. Pranav Mago, Mr. 1. L. N. Murthy, Mr. S. Ravi Shankar and Capt. 1. S. Gill