{"id":8514,"date":"2011-01-25T01:32:05","date_gmt":"2011-01-24T20:02:05","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=8514"},"modified":"2011-01-25T01:32:05","modified_gmt":"2011-01-24T20:02:05","slug":"more-arbitration-centres-for-commercial-disputes-planned","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/more-arbitration-centres-for-commercial-disputes-planned","title":{"rendered":"More arbitration centres for commercial disputes planned"},"content":{"rendered":"<figure id=\"attachment_8515\" aria-describedby=\"caption-attachment-8515\" style=\"width: 257px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Union-Law-Minister-M.-Veerappa-Moily.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"8515\" data-permalink=\"https:\/\/www.legalindia.com\/news\/more-arbitration-centres-for-commercial-disputes-planned\/union-law-minister-m-veerappa-moily\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Union-Law-Minister-M.-Veerappa-Moily.jpg?fit=257%2C177&amp;ssl=1\" data-orig-size=\"257,177\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Union Law Minister M. Veerappa Moily\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;M. Veerappa Moily&lt;\/p&gt;\n\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Union-Law-Minister-M.-Veerappa-Moily.jpg?fit=257%2C177&amp;ssl=1\" class=\"size-full wp-image-8515\" title=\"Union Law Minister M. Veerappa Moily\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/01\/Union-Law-Minister-M.-Veerappa-Moily.jpg?resize=257%2C177&#038;ssl=1\" alt=\"\" width=\"257\" height=\"177\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Union-Law-Minister-M.-Veerappa-Moily.jpg?w=257&amp;ssl=1 257w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2011\/01\/Union-Law-Minister-M.-Veerappa-Moily.jpg?resize=150%2C103&amp;ssl=1 150w\" sizes=\"auto, (max-width: 257px) 100vw, 257px\" \/><\/a><figcaption id=\"caption-attachment-8515\" class=\"wp-caption-text\">M. Veerappa Moily<\/figcaption><\/figure>\n<p>Union Law Minister M. Veerappa Moily Monday said that the central government was looking at setting up arbitration centres for commercial disputes in every metropolitan city in the country.<\/p>\n<p>Speaking during a ceremony in Panaji, marked to unveil India&#8217;s first international arbitration outside the national capital, Moily also made a pitch for a paradigm shift in India&#8217;s approach to institutional dispute solving.<\/p>\n<p>&#8216;We want to set up such centres in all metropolitan cities in the country,&#8217; Moily said, adding that world class infrastructure had to be constructed to ensure that the country attracts top class clients for arbitration and reconciliation.<\/p>\n<p>&#8216;We have to target both international and domestic clientele. Goa is a world class tourism centre, there&#8217;s no reason why it cannot be a world class arbitration centre,&#8217; Mioly said.<\/p>\n<p>Praising Japan for its ability to dispose 40 percent of commercial disputes through an efficient system of settlement in court, Moily said that India should also try to follow suit.<\/p>\n<p>Moily said that the plan to set up commercial benches throughout India, through a legislation, was a step in that direction.<\/p>\n<p>&#8216;We need to tell the world that doing business in India does not have many hurdles. The legislation for setting up of commercial benches to handle monetary disputes had been cleared by a select committee and approved by the cabinet. It will be implemented soon,&#8217; Moily said.<\/p>\n<p>Commercial benches, according to Moily, would handle monetary disputes with transactions of over Rs.2 crore and were aimed at disposing each financial case within a year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Law Minister M. Veerappa Moily Monday said that the central government was looking at setting up arbitration centres for commercial disputes in every metropolitan city in the country. Speaking during a ceremony in Panaji, marked to unveil India&#8217;s first international arbitration outside the national capital, Moily also made a pitch for a paradigm shift [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[2098,2097],"class_list":["post-8514","post","type-post","status-publish","format-standard","hentry","category-top-law-news","tag-arbitration-centres","tag-commercial-disputes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More arbitration centres for commercial disputes planned - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"Union Law Minister M. 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Veerappa Moily said Sunday. He told the 17th Commonwealth Law Conference here that the Commercial Division of High Courts Bill is before parliament.\u00a0 Voicing his concern over the increasing trend in commercial litigation, he\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2011\/02\/M-Veerappa-Moily1.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":3957,"url":"https:\/\/www.legalindia.com\/news\/four-law-schools-of-excellence-to-be-openned-moily","url_meta":{"origin":8514,"position":1},"title":"Four law schools of excellence to be Openned : Moily","author":"Legal India Admin","date":"October 8, 2009","format":false,"excerpt":"Union Law Minister M. Veerappa Moily Thursday said that government will open four new schools for law which will be centres of excellence with all international standards. Mr Moily said that the project is in its planning stage. The government would also introduce the Judges (Inquiry) Bill, 2009, in the\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4074,"url":"https:\/\/www.legalindia.com\/news\/number-of-undertrials-to-be-reduced-says-moily","url_meta":{"origin":8514,"position":2},"title":"Number of undertrials to be reduced, says Moily","author":"Legal India Admin","date":"January 25, 2010","format":false,"excerpt":"The number of undertrials in jails across the country will be reduced by two-thirds within six months, Law and Justice Minister M. 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Veerappa Moily said here Saturday. \u00a0\"The union government, besides taking steps for judicial reforms, is also modernising court administration across the country with\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4087,"url":"https:\/\/www.legalindia.com\/news\/bifurcating-supreme-court-government-yet-to-take-view","url_meta":{"origin":8514,"position":4},"title":"Bifurcating Supreme Court: Government yet to take view","author":"Legal India Admin","date":"January 26, 2010","format":false,"excerpt":"The government is yet to consider setting up regional branches of the Supreme Court in metropolitan cities as recommended by the Law Commission of India, Minister of Law and Justice M. 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