Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Arbitration, Tribunal Adjudication and Alternate Dispute resolution

Question:
Which of the following form of arbitration is defined specifically under section 2(1)(f) of the Arbitration and Conciliation Act, 1996?
Options:
Statutory Arbitration
Institutional Arbitration
International Commercial Arbitration
Ad-hoc Arbitration
Correct Answer:
International Commercial Arbitration
Explanation:
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.