As part of our campus outreach program initiative, Link Legal was invited by Campus Law Centre, Faculty of Law, University of Delhi for an interactive round table session with the students to share the practical experiences on the recent trends of arbitration law in India. The session revolved around understanding the basic concepts of arbitration law as practiced across various sectors and the emerging nuances of the field.
Mr. Atul Sharma, our Managing Partner, chaired the session and gave valuable insights into the realm of arbitration. Mr. Sharma outlined the basic differences between the theoretical world and the actual practice with the help of specific instances encountered by him during his career.
Arbitration as a concept, though prevalent since 1940 is still at its formative stage in India. The discussion elucidated the finer points of the law pertaining to arbitration, novel concepts on what function arbitration as an alternative dispute resolution method serves, various intricacies of the convoluted structure of an arbitral process and the jurisdiction of Civil Courts. Also, the recent amendments in the Arbitration Act and their impact on commercial contracts were discussed along with sharing with the students the glimpses of the Firm’s experiences in foreign institutional arbitration and how the recent trends in India pave a way towards better arbitral governance in India and recognition of foreign awards in India. Various opinions were shared on how arbitration has developed in India over time and how India must strive to have a domain specific arbitration cell.
The session was followed by a question and answer round, where Link Legal team responded to the queries raised, and engaged the students in fruitful dialogue.
Around 50 students participated in the interactive session. The session lays the foundation for Link Legal and Campus Law Centre to take forward their relationship which will help in creating a bridge between the academics and practical field.