To boost foreign investor confidence in setting up business in Gujarat International Finance Tec-City IFSC (GIFT-IFSC), Shrimati Nirmala Sitharaman, Minister of Finance and Corporate Affairs announced establishment of International Arbitration Centre in GIFT-IFSC for expeditious disposal of disputes and to enhance the ease of doing business at GIFT-IFSC.
As experts in international arbitration and mediation in India, our team was invited by major newspapers and legal publishers for our thoughts on what clients expect from the proposed initiative.
According to Adv. Anuroop Omkar, Partner, AK & Partners, concrete steps are being taken by the Government and the proposed institution should be benchmark for other institutional ADR centres to follow.
First published on SCC Online.