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An Overview of India’s First Institutional Mechanism: Mumbai Centre of International Arbitration (MC

The resolution mechanism of “Arbitration” which allows disputes between the parties to be resolved outside of the conventional court has gained significant prevalence and is often used to resolve commercial disputes, particularly in the context of international commercial transactions, cross border and domestic M&A deals, by incorporating a clause on reference to arbitration in case of any dispute between the parties in the transaction documents. The players opting for arbitration mechanism have an option to choose between “ad hoc arbitration” and “institutional arbitration”.

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