GLOBAL VIRTUAL TRENDS IN INTERNATIONAL ARBITRATION

Rohit Kumar Singla

doi:10.21922/srjis.v9i68.10018

Rohit Kumar Singla Student : LLM Commercial Arbitration –Academic Year 2021-2022, Manav Rachna University Sector – 43, Aravalli Hills, Delhi – Surajkund Road, Faridabad – 121004, Haryana.

DOI: https://doi.org/10.21922/srjis.v9i68.10018

Keywords: International Arbitration, Virtual Mode For Alternative Dispute Resolution Mechanism, Hypothesis, International Arbitration Institutions, The Arbitration And Conciliation Act, 1996

Abstract

During the past two years, the virtual methods for dispute resolution in international arbitration, due to pandemic crisis, have become one of the most favoured alternative dispute resolution mechanisms for international contracts and investments. With the increasing international trade and financial and technical collaborations, the global corporations have been devoting considerable time and money in selecting and drafting arbitration clauses to protect their financial involvements as well as confidentiality and proprietary nature of the Technology and Intellectual Property, they share with foreign partners, manufacturers, and distributors. Since the arbitration is usually an autonomous and consensual process, it is imperative to comprehend the latest trends of virtual means as their preferred dispute resolution modality that arouse corporate decisions and preferences when deliberating international arbitration.