The document defines and provides examples of different types of arbitration: Domestic arbitration refers to arbitration between Indian parties within India using Indian rules. Foreign arbitration is conducted outside of India with the award enforced in India. Ad-hoc arbitration is governed by the parties without an institution. Institutional arbitration uses an arbitration institution that selects arbitrators and rules. Statutory arbitration is mandated by law or statute. International commercial arbitration involves at least one foreign party or government.
The document defines and provides examples of different types of arbitration: Domestic arbitration refers to arbitration between Indian parties within India using Indian rules. Foreign arbitration is conducted outside of India with the award enforced in India. Ad-hoc arbitration is governed by the parties without an institution. Institutional arbitration uses an arbitration institution that selects arbitrators and rules. Statutory arbitration is mandated by law or statute. International commercial arbitration involves at least one foreign party or government.
The document defines and provides examples of different types of arbitration: Domestic arbitration refers to arbitration between Indian parties within India using Indian rules. Foreign arbitration is conducted outside of India with the award enforced in India. Ad-hoc arbitration is governed by the parties without an institution. Institutional arbitration uses an arbitration institution that selects arbitrators and rules. Statutory arbitration is mandated by law or statute. International commercial arbitration involves at least one foreign party or government.
The document defines and provides examples of different types of arbitration: Domestic arbitration refers to arbitration between Indian parties within India using Indian rules. Foreign arbitration is conducted outside of India with the award enforced in India. Ad-hoc arbitration is governed by the parties without an institution. Institutional arbitration uses an arbitration institution that selects arbitrators and rules. Statutory arbitration is mandated by law or statute. International commercial arbitration involves at least one foreign party or government.
Domestic Arbitration An arbitration with Indian parties, where
the place of arbitration is in India and rules applicable are Indian.
Foreign Arbitration An arbitration where proceedings are
conducted in a place outside India and the award is required to be enforced in India.
Ad-hoc Arbitration An arbitration which is governed by
parties themselves, without recourse to a formal arbitral institution. It may be domestic or international in character. Institutional Arbitration An arbitration where parties select a particular institution, which in turn takes the arbitration forward by selecting an arbitrator and laying out the rules applicable within an arbitrationExamples of prominent institutions of arbitration include, The London Chamber of International Arbitration (LCIA) which has its offices across the world, including New-Delhi, India.
Statutory Arbitration An arbitration which is mandatorily
imposed on the parties by operation of a particular law or statute, applicable to them. For example, the Defence of India Act, 1971
International Commercial Arbitration An arbitration in which at-least one of
the disputing parties is a resident/body corporate of a country other than India. Arbitration with the government of a foreign country is also considered to be an international commercial arbitration.