Gurugram to have International Arbitration Centre

Gurugram is all set to have an International Arbitration Centre, it was announced on Thursday.

District and Sessions Judge Harnaam Singh Thakur said Punjab and Haryana High Court have recently passed a motion and the proposal to set up the centre has been sent to Haryana government.

He said the Haryana government showed positive response and is keen to set up the centre.

After the establishment of the centre in Gurugram, multi-national companies can resolve their disputes in India rather than going to Singapore, Dubai or London.

Judge Thakur said disputes may be first taken to the centre and its verdicts can be later challenged in the courts if the petitioner is dissatisfied with the centre's decision.

 

Last year, Maharashtra Chief Minister Devendra Fadnavis inaugurated India's first International Arbitration Centre in Mumbai.

--IANS

pradeep/sm/dg