Chief Features of the Arbitration and Conciliation Act 1996

The expert lawyers and law professionals consider arbitration and conciliation act as an important way to decide and settle down a case without taking the case to the law or court. Arbitration and conciliation are the popular ways to settle disputes outside the court. The Arbitration And Conciliation Act of 1996 is a new set of laws that replaced the Arbitration Act of 1940 and the Arbitration (Protocol & Convention) Act of 1937. The new Act of 1996 focuses on consolidating the laws and regulations related to domestic arbitration, international arbitration, and everything else related to the enforcement of foreign arbitral awards.

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The Chief Features Of The Arbitration And Conciliation Act 1996 In the opinion of the most knowledgeable arbitration lawyers, the following are the most noticeable features of the arbitration and conciliation act 1996:

• To lessen the controlling or administrative role of courts.
• To make sure that an arbitration decision or judgment is enforceable as a ruling or verdict of the court.
• To ensure that directions are arranged for domestic as well as international arbitration and conciliation
• To ensure that the consequence of pacification reports may be preserved as arbitrational awards on approved or agreed terms.
• To make sure that the arbitrational court of law gives motives for its award.
• To ensure that adjudication proceedings are fair, just, and active.
• To authorize the arbitrational court to use systems or approaches such as mediation and conciliation during the process of mediation.
• To guarantee that the arbitrational tribunal acts within its dominion.

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Here, the role of every successful Arbitration lawyer becomes very significant as they are the people to enforce the recommendations of the arbitration and conciliation act 1996. Their responsibility is to understand the recommendations and then implement them while they are engaged in the process of arbitration. To get a better understanding of the Act of 1996, you can do well to get in touch with the most knowledgeable arbitration lawyers at a place near you. You can even consider contacting the law firms in Kolkata or anywhere else in India.

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