Alternative dispute resolution (ADR) methods are becoming more common and popular as they help in generating confidence of the international investing community. If a dispute arises, international investors need not depend on the judicial system of a particular country, but and can resort to the alternative dispute resolution methods, such as arbitration. The main advantage of alternative dispute resolution methods is that they allow the parties in a dispute to avoid difficulties like undue delay in the dispensation of justice, complicated procedural formalities, transportation of entire evidence and witnesses from one country to the other country, high cost of litigation and judicial imperfection. This foundation course is being organized to highlight the use of arbitration as an ADR mechanism for resolution of disputes as well as understand the pleadings required to be placed before an arbitral tribunal by the parties (particularly the claims and defense), the method and procedure before the tribunal, the process and kinds of awards an arbitral tribunal can deliver.
Application date: 14 October 2019