Former employee of one of the party to Arbitration can be an arbitrator in India
Former employee of one of the party to Arbitration can be an arbitrator in India Law Senate India March 26 2019 Arbitration scenario in India got a great enthusiasm on 23rd October 2015 because of the amendments brought in to the Arbitration and Conciliation Act,1996 (Herein after "the Act"). One of the major changes brought in by the said amendment was relating to the measures to ensure impartiality and independence of Arbitrators. The Amendment introduced a mandatory declaration by the arbitrators declaring their relationship and connections with the lawyers & parties. The above declaration had to be made in a Format provided under Schedule VI of the Act. While making the above said declaration the potential arbitrator nominee requires to take into consideration, the list of relationships provided in Schedule V of the Act. The said Act in Schedule VII also has provided a list of relationships that are prohibited to be considered as an Arbitrator. The Above...