“Deals, Disputes & Decisions: The Role of Arbitration in Modern Business”
In the fast-paced world of modern commerce, time is money, and certainty is power. When deals go awry or disagreements arise, businesses increasingly seek solutions that are efficient, confidential, and enforceable. This is where arbitration steps in—a powerful tool for resolving commercial disputes without the delays and formalities of traditional litigation. What is Arbitration? Arbitration is a private dispute resolution mechanism where parties agree to submit their conflicts to one or more arbitrators instead of a public court. Governed in India by the Arbitration and Conciliation Act, 1996, it offers a binding decision (arbitral award) that holds the same weight as a court judgment. Unlike courtrooms, arbitration allows parties to choose their arbitrator, define the process, and resolve disputes in a more flexible, confidential environment. Why Arbitration Matters in Modern…