Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Arbitration, Tribunal Adjudication and Alternate Dispute resolution

Question:
The Arbitration and Conciliation Act of 1996 is based on which of the following?
Options:
Guidelines of United Nations
On The Arbitration and Conciliation Act of England
The Arbitration and Conciliation Act of USA
United Nations Commission on International Trade Law (UNCITRAL)
Correct Answer:
United Nations Commission on International Trade Law (UNCITRAL)
Explanation:
A special reference must be made to an international convention entitled, United Nations Commission on International Trade Law (UNCITRAL) Model Law on International Commercial Arbitration, 1985. After the birth of this international treaty, the United Nations General Assembly, recommended that all countries must give due consideration to the said Model law, in-order to bring uniformity in the law and practice of international arbitration. The Indian Arbitration and Conciliation Act of 1996 is similarly modelled on the UNCITRAL model law.