Arbitration and Conciliation

Looking for the Best Arbitration Lawyers in Delhi? Raizada Law Associates is a top Arbitration and Conciliation Law Firm in New Delhi. Arbitration and conciliation are two forms of alternative dispute resolution (ADR) that are commonly used in India to resolve disputes between parties. These methods are used as an alternative to traditional litigation in courts, and they can be faster, more efficient, and less expensive than going to court.

Arbitration is a process in which a neutral third party, known as an arbitrator, is appointed to hear and decide a dispute between two or more parties. The parties agree to be bound by the decision of the arbitrator, and the decision is typically final and binding. Arbitration can be either ad-hoc or institutional. Ad-hoc arbitration is conducted without the intervention of an institution, and the parties agree on the procedure and the arbitrator. Institutional arbitration is conducted under the rules of an institution such as the Indian Council of Arbitration (ICA), Indian Merchants’ Chamber Arbitration Centre (IMC) and the like.

Conciliation is a process in which a neutral third party, known as a conciliator, helps the parties to reach a settlement of their dispute. The conciliator does not decide the dispute but rather facilitates communication and negotiation between the parties to help them reach an agreement. The conciliator does not have the authority to make a decision, but the parties can agree to a settlement that is legally binding.