Saturday, January 1, 2011

Hurdle for International Arbitration Centre, Goa.

The New Year is definitely not a good start for the proposed International Arbitration Centre at Goa, India. Aires Rodrigues, a social activist has asked Law Minister Veerappa Moily not to inaugurate the centre as it is being set up by a private trust and also because there are already international arbitrations happening at Indian Council of Arbitration and Indian Council of Dispute Resolution (ICADR), both being registered under the Societies Registration Act 1860. According to Aires Rodrigues the new private center at Goa will be run by a private trust which will not be accountable to the public. More on this can be found here.

I doubt whether an international arbitration centre for commercial matters necessarily requires a registration under Societies Registration Act. On the other hand, there remains a skepticism (as was discussed in few conferences organized this year): Will so many arbitration institutions mushrooming without any international expertise and without any support of the government or any other international arbitration institute help the business community or only add to confusion and chaos?

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