{"id":89827,"date":"2019-09-10T15:43:18","date_gmt":"2019-09-10T10:13:18","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=10019"},"modified":"2019-09-10T15:43:18","modified_gmt":"2019-09-10T10:13:18","slug":"arbitration-and-conciliation-amendment-act-2019","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/arbitration-and-conciliation-amendment-act-2019\/","title":{"rendered":"Arbitration and Conciliation (Amendment) Act, 2019"},"content":{"rendered":"\n<p><strong>News:<\/strong>Government has enforced various Sections of the Arbitration and Conciliation (Amendment) Act, 2019 by notifying it in Gazette.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Salient Features of the Amendment Act:<\/strong><br><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Arbitration Council of India:<\/strong> It establishes an independent body called the Arbitration Council of India (ACI) for the promotion of arbitration, mediation, conciliation and other alternative dispute redressal mechanisms.<\/li><li><strong>Mandate of ACI:<\/strong>ACI would be mandated to frame rules on (a)how institutions would be graded (b)norms to be followed and (c)monitoring of quality and performance.<\/li><li><strong>Composition of the ACI:<\/strong> The ACI will consist of a Chairperson who is either: (i) a Judge of the Supreme Court; or (ii) a Judge of a High Court; or (iii) Chief Justice of a High Court; or (iv) an eminent person with expert knowledge in conduct of arbitration.<\/li><li><strong>Relaxation of time limits<\/strong>: Under the original Act, arbitral tribunals are required to make their award within a period of 12 months for all arbitration proceedings.The amendment act remove this time restriction for international commercial arbitrations.<\/li><li><strong>Completion of written submissions<\/strong>:The written claim and the defence to the claim in an arbitration proceeding, should be completed within six months of the appointment of the arbitrators.<\/li><li><strong>Confidentiality of proceedings<\/strong>:It provides that the arbitrator, the arbitral institutions and the parties shall maintain confidentiality of information relating to arbitral proceedings.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Alternative Dispute Resolution(ADR):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Alternative Dispute Resolution(ADR) is the procedure for settling disputes without litigation.ADR is generally classified into-<\/li><li><strong>Arbitration<\/strong> &#8211; It is a procedure in which the dispute is submitted to an arbitral tribunal which makes a decision on the dispute that is binding on the parties.<\/li><li><strong>Conciliation<\/strong> &#8211; It is a non-binding procedure in which an impartial third party, the conciliator assists the parties to a dispute in reaching a mutually satisfactory agreed settlement of the dispute.<\/li><li><strong>Mediation<\/strong> &#8211; It is a procedure in which the parties discuss their disputes with the assistance of a trained impartial third person(s) who assists them in reaching a settlement.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:Government has enforced various Sections of the Arbitration and Conciliation (Amendment) Act, 2019 by notifying it in Gazette. Facts: Salient Features of the Amendment Act: Arbitration Council of India: It establishes an independent body called the Arbitration Council of India (ACI) for the promotion of arbitration, mediation, conciliation and other alternative dispute redressal mechanisms. Mandate&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/arbitration-and-conciliation-amendment-act-2019\/\">Continue reading <span class=\"screen-reader-text\">Arbitration and Conciliation (Amendment) Act, 2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1234],"tags":[3691],"class_list":["post-89827","post","type-post","status-publish","format-standard","hentry","category-polity-current-affairs","tag-arbitration-and-conciliation-bill","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1699980072},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/89827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=89827"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/89827\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=89827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=89827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=89827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}