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Fast track arbitration, emergency arbitrators and more: IIAC (Conduct of Arbitration) Regulations 2023 notified
The Regulations notified on September 1 have outlined the finer details on how arbitral proceedings can be initiated with the IIAC’s involvement, how arbitrators would be appointed, and how matters would be decided.
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India International Arbitration Centre does not work at whims and fancies of Central government : Chairperson Justice Hemant Gupta
Several law firms raised concerns about the independence of the institution since Central government has the power to appoint and remove IIAC members.
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