Practicing Success
Arbitration with the government of a foreign country is known as? |
Statutory Arbitration Foreign Arbitration International Commercial Arbitration Institutional Arbitration |
International Commercial Arbitration |
International Commercial Arbitration - An arbitration in which at-least one of the disputing parties is a resident/body corporate of a country other than India. Arbitration with the government of a foreign country is also considered to be an international commercial arbitration. This form of arbitration has been defined specifically under section 2(1)(f) of the Arbitration and Conciliation Act, 1996. |