SCOPE holds webinar on arbitration and future of virtual hearings

Shri Atul Sobti, Director General, SCOPE gave the opening remarks and Mr. Anuj Aggarwal, Member (HR), Airport Authority of India gave the closing remarks . The interactive session received an overwhelming response as over 500 participants including board members, Legal heads and other senior members of PSEs attended.

 

Justice Vibhu Bakhru in his address stated that arbitration is bound to grow and develop as it ensures expeditious disposal of cases. He emphasised that for arbitration to succeed as one of the modes of dispute settlement, institutes like SFCA need to be strengthened. He added that virtual hearings in arbitration are a reality and despite the challenges being faced, arbitrators need to train as it may soon become the norm.

 

Shri . Pachnanda spoke about how law in India has developed with respect to unilateral appointment of arbitrators. Shri . Lahiri spoke about International best practices being followed for selection of arbitrators and added that in International arbitration, virtual hearings have been followed for a long time as they expedite the process and are cost effective.

 

Shri . Atul Sobti highlighted that India has improved in Ease of Doing Business rankings as Government has taken a series of steps to make India an investment hub but steps need to be taken in area of enforcing of contracts. He also spoke about SFCA’s role and future of arbitration through virtual arbitration.