SCOPE NEWS
SCOPE holds webinar on arbitration and future of virtual hearings
New Delhi: Standing Conference of Public Enterprises (SCOPE) organised Webinar on ‘Issues in Arbitration and Future of Virtual Hearings.’ The webinar was addressed by distinguished experts including Justice Vibhu Bakhru, Judge, Delhi High Court, .Shri Gaurav Pachnanda, Senior Advocate, Supreme Court and Shri Shourav Lahiri, Barrister-at-law, London.
Shri Atul Sobti, Director General, SCOPE gave the opening remarks and Mr. Anuj Aggarwal, Member (HR), Airport Authority of India gave the closing remarks . The interactive session received an overwhelming response as over 500 participants including board members, Legal heads and other senior members of PSEs attended.
Justice Vibhu Bakhru in his address stated that arbitration is bound to grow and develop as it ensures expeditious disposal of cases. He emphasised that for arbitration to succeed as one of the modes of dispute settlement, institutes like SFCA need to be strengthened. He added that virtual hearings in arbitration are a reality and despite the challenges being faced, arbitrators need to train as it may soon become the norm.
Shri . Pachnanda spoke about how law in India has developed with respect to unilateral appointment of arbitrators. Shri . Lahiri spoke about International best practices being followed for selection of arbitrators and added that in International arbitration, virtual hearings have been followed for a long time as they expedite the process and are cost effective.
Shri . Atul Sobti highlighted that India has improved in Ease of Doing Business rankings as Government has taken a series of steps to make India an investment hub but steps need to be taken in area of enforcing of contracts. He also spoke about SFCA’s role and future of arbitration through virtual arbitration.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : BEML Ltd Unveils India’s Biggest and Advanced Crawler Dozer
News Must Read
- BEML Ltd Unveils India’s Biggest and Advanced Crawler Dozer
- IREDA Bags Triple Honours at 14th PSE Excellence Awards
- PESB Recommends Director (Finance) for SPMCIL
- Oil, Gas CPSEs set to exceed IEBR capex for fifth-straight year in FY25
- G Gayatri Prasad assumes charge as Director (Finance) of BDL
- GRSE builts indigenous INS Nirdeshak to join Indian Navy’s fleet
- Free Travel During Maha Kumbh Mela? Indian Railways Clarifies...
- Indian Army and BEL collaborates to establish advanced AI hub in Bengaluru
- SJVN’s Rampur Hydro Power Station Beats Target by 3 Months
- Bhutanese Delegation Visits at THDCIL's VPHEP Project