NLIU Two-day seminar 2012 : Two-day seminar at National Law Institute University begins

BHOPAL: A two-day seminar on 'Critical issues in international commercial arbitration' began at National Law Institute University (NLIU) began here on Saturday. The seminar is being organized by NLIU's Centre for Business and Commercial Laws (CBCL).

CBCL convenor, Albin George Thomas, maintained that the purpose of the seminar is to foster academic interest and encourage research in the field of international commercial arbitration. "On the conclusion of the conference, a proposal will be sent to the UGC elucidating the points of concern and loopholes in the existing legal system," he said.

The organizers claimed that they have received 190 papers. In all, 50 best papers have been selected, which will be presented at the seminar. The best paper will be featured in a special issue to be brought out by NLIU on international commercial arbitration.

The chief guest of the inaugural function, Prof Sukh Pal Singh, vice-chancellor of Hidayatullah National Law University, Raipur, delivered a keynote address. He delivered a speech on the development of international commercial arbitration and the history of arbitration in India. He also described commercial arbitration as an 'efficacious tool'.

Prof Singh gave valuable suggestions for improvement of the legal regime, including the delocalization of international commercial arbitration, liberalization of domestic laws in keeping with the developments in science and technology and the establishment of an International Arbitration Court.