Transcription of Arbitration & Conciliation Act, 1996
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Arbitration & Conciliation Act, 1996
THE Arbitration AND Conciliation ACT, of 1996 [16th August, 1996 ][As Amended by the Arbitration & Conciliation (Amendment) Act 2015[No. 3 of 2016 1st January, 2016*]PREAMBLEAn Act to consolidate and amend the law relating to domestic Arbitration , international commercialarbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliationand for matters connected therewith or incidental the United Nations Commission on International Trade Law (UNCITRAL) has adopted theUNCITRAL Model Law on International Commercial Arbitration in 1985:AND WHEREAS the General Assembly of the United Nations has recommended that all countriesgive due consideration to the said Model Law, in view of the desirability of uniformity of the law ofarbitral procedures and the specific needs of international commercial Arbitration practice;AND WHEREAS the UNCITRAL has adopted the UNCITRAL Conciliation Rules in 1980;AND WHEREAS the General Assembly of the United Nations has recommended the use of the saidRules in cases where a dispute arises in the context of international commercial relations and theparties seek an amicable settlement of that dispute by recourse to Conciliation ;AND WHEREAS the said Model Law and Rules make significant contribution to the establishment ofa unified legal framework for the fair and efficient settlement of disputes arising in internationalcommercial relatio]
THE ARBITRATION AND CONCILIATION ACT, 1996 No.26 of 1996 [16th August, 1996] [As Amended by the Arbitration & Conciliation (Amendment) Act 2015 [No. 3 of …
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