Why the new Arbitration and Conciliation (amendment) Bill, 2019 is important3 min read . Updated: 02 Aug 2019, 11:18 AM IST
- The government, in consultation with the Chief Justice of India, will appoint the chairperson of the ACI
- The Bill seeks to remove time restriction for international commercial arbitrations and says tribunals must try to dispose of international arbitration matters within 12 months
New Delhi: Lok Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2019 which is aimed at making India an international arbitration hub.
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