Do you know how to strategize your prayer for interim measures to protect your interests?
Do you know how to use cost-effective methods and procedures for parties?
With the increasing costs of litigation and time taken for resolution of disputes, there is a trend of clients and lawyers alike, leaning towards arbitration. The idea is simple. The clients want faster dispute resolution with minimal costs. The lawyers too, want to provide the best possible outcome for their clients.
Recently, one of my earlier clients wanted me to draft a contract to protect their interests. I obliged and added a carefully worded arbitration clause. The clients called me back saying they wanted to know the significance of the said provision. I explained to them the necessity of having the provision in the contract and not needing it, then needing it and not having it.
The need for an arbitration clause in a contract is paramount. Usually the parties do not want to go to the courts and drain all their money fighting for years without a verdict. But contractual disputes are not going to be resolved on their own. So for them the time efficient alternative is arbitration.
The procedure is clearly laid down in the Arbitration and Conciliation Act. However, the procedure and the methods are complicated. Many parties fail to realise the full potential of arbitration proceedings and end up in courts. That defeats the whole purpose of arbitration. You not only need to know the provisions of the law, you must be able to apply the same effectively for your client’s interests.
Many a lawyers are skilled in litigation and have clients coming up to them for arbitration, but it is beyond their expertise. How do they fill the gap and aid their clients?
Prathik C M, Advocate, Specialising in ADR and IPR, Alumnus of Maastricht University
Shalvi Mehta, Arbitration Lawyer
What is Unique About our Programme?
We try to bridge the gap where traditional or e-learning falls short. You get reading materials, practical assignments and group feedback sessions. This helps you build a knowledge base in arbitration proceedings, strategising, drafting of applications, appeals around arbitral decisions, etc. We help you develop your skills in these areas with 24 practical assignments and 12 online classes including feedback sessions.
You get doubt-clearing sessions in 24-48 hours, access to course content for 1 year, feedback sessions on practical assignments, access to the course on your mobile phones, be it android or iOS, exclusive access to the network at the LawSikho community and more!
I am a lawyer turned writer looking to add more feathers to my cap. Although, we learn the best from our own mistakes, we don't have the time to make them all ourselves! So,I'd like to share the insights that I have gained as a law student and lawyer to help you avoid the hassle of making at least some of them.
You can contact me at: [email protected] | Website: https://lawsikho.com/courses