India's Judiciary Boosts Its Stature in Global Arbitration

India's judiciary has greatly enhanced the nation's stature as an arbitration-friendly destination, according to Supreme Court Judge Justice Hima Kohli. Through legislative reforms and landmark rulings, the judiciary has fostered a pro-arbitration regime. Recent amendments align Indian laws with international best practices, promoting institutional arbitration and encouraging foreign investments.

In a significant development, India's judiciary has carved out a reputation as an arbitration-friendly destination, according to observations made by Supreme Court Judge Justice Hima Kohli.

Speaking at a seminar titled 'Recent Developments in Arbitration to Promote Business,' Justice Kohli emphasized the importance of arbitration as an effective tool for dispute resolution amid the complexities of international trade.

She lauded the judiciary's efforts in upholding arbitral awards and minimizing judicial intervention, saying these efforts have been crucial in positioning India as a global hub for arbitration. Legislative reforms and the entry of foreign law firms further amplify these positive shifts, bolstering confidence in India as a key player in international commercial arbitration.

(With inputs from agencies.)