THE ARBITRATION LAW REFORM IN INDIA
( Pp. 306-308)
More about authors
Rusakova Ekaterina Petrovna
Dr.Sci.(Law), Associate Professor
Рeoples Friendship University of Russia (RUDN University)
Moscow, Russia
Рeoples Friendship University of Russia (RUDN University)
Moscow, Russia
Abstract:
The article describes the arbitration law reform in India. The «road map» of supporting institutional arbitration was adopted at the Government level. First of all, amendments were made to the current legislation of arbitration, in the Act of arbitration and conciliation of India 1996 (amended in 2018). Under the order will be create New Delhi International Arbitration Center. The appearance such arbitration center was the expected result, as the current International center of the alternative dispute resolution in India doesn’t satisfied the needs of society and the state in commercial disputes resolution. It should be noted that compared to other countries, including the BRICS countries, India has a rather complicated arbitration procedure. Unlike India, China has long set the task to become the world arbitration center, and as a result has simplified the arbitration procedure as much as possible.
How to Cite:
Rusakova E.P., (2018), THE ARBITRATION LAW REFORM IN INDIA. Economic Problems and Legal Practice, 5 => 306-308.
Reference list:
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Ermakova E.P., Rusakova E.P., Mendosa-Molina S.V. Uchebnoe posobie Aktual nye problemy grazhdanskogo protsessa //RUDN, 2017 Rusakova E.P. Arbitrazhnaya praktika Indii.
V sbornike: Sravnitel no-pravovye aspekty pravootnosheniy grazhdanskogo oborota v sovremennom mire Sbornik statey Mezhdunarodnoy nauchno-prakticheskoy konferentsii pamyati doktora yuridicheskikh nauk, professora V. K. Puchinskogo. 2016. S. 72-77.
Frolova E.E. Mekhanizmy deystviya instrumentov denezhno-kreditnoy politiki Kitaya v Pervom desyatiletii XXI veka. V sbornike: Perspektivy razvitiya yuridicheskoy nauki, praktiki i obrazovaniya v Aziatsko-Tikhookeanskom regione Materialy mezhdunarodnoy nauchno-prakticheskoy konferentsii. 2015. S. 174-189.
Razreshenie finansovykh sporov v stranakh ATR: Indiya: Uchebnoe posobie / YU.APod obshchey redaktsiey E.E.Frolovoy, E.P.Ermakovoy- M.: RUDN, 2018 S. 76.
