4 days ago

India Must Build Credible Arbitration Institution, Address Bias Concerns: Rohatgi

India Must Build Credible Arbitration Institution, Address Bias Concerns: Rohatgi
India Must Build Credible Arbitration Institution, Address Bias Concerns: Ex- Attorney General Mukul Rohatgi · deccanchronicle.com

Mukul Rohatgi said India should create a strong arbitration center of its own.

Arbitration is a way to settle business disagreements outside regular courts.

He said many disputes involving Indian companies are handled by institutions outside India.

He also said Indian lawyers may not be chosen often enough to serve as arbitrators in these cases.

Rohatgi expressed concern that tribunals can include more foreign than Indian arbitrators.

He suggested experienced Indian judges and lawyers should receive more leadership roles.

He questioned a reported damages award in the Tata Power-Kleros case.

He also said possible connections between arbitrators and the parties should be disclosed.

Key facts

Speaker
Mukul Rohatgi, former Attorney General of India and senior advocate
Proposed institution
A credible domestic Indian arbitration institution
International comparison
Singapore International Arbitration Centre
Representation concern
Rohatgi said Indian lawyers have limited appointments in disputes involving Indian parties
Tribunal composition
He said tribunals involving Indian companies often comprise one Indian and two foreign arbitrators
Disputed award
The reported Tata Power-Kleros award was around $500 million, or approximately ₹6,500 crore
Disclosure concern
Rohatgi said relevant professional relationships involving arbitrators should be disclosed

Quotes

Mukul Rohatgi

Former Attorney General of India and senior advocate

“Why should we outsource our arbitration to SIAC? We should build a credible institution in India so that disputes involving Indian parties can be administered and heard here,”
deccanchronicle.com
“The issue is not merely whether actual bias can be proved; relevant relationships must be disclosed so that the parties can take an informed decision,”
deccanchronicle.com

Sources

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