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LS PASSES NEW DELHI INTERNATIONAL ARBITRATION (AMENDMENT) BILL

Lok Sabha on Monday passed a Bill to rename the New Delhi International Arbitration Centre as the India International Arbitration Centre. Speaking about the New Delhi International Arbitration Centre (Amendment) Bill, 2022, Union Law Minister Kiren Rijiju said that the objective of the amendment is to have world-class arbitration in the country.  He said that […]

Kiren Rijiju
Kiren Rijiju

Lok Sabha on Monday passed a Bill to rename the New Delhi International Arbitration Centre as the India International Arbitration Centre.

Speaking about the New Delhi International Arbitration Centre (Amendment) Bill, 2022, Union Law Minister Kiren Rijiju said that the objective of the amendment is to have world-class arbitration in the country. 

He said that though it is a small Bill, sometimes “a small step can be a giant leap”.

The Minister further said that arbitration would also help in reducing the pendency of cases in the country.

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