CJI proposes an International Arbitration Centre in Hyderabad

[hyperbole]

CJI proposes an International Arbitration Centre in Hyderabad

Marri Ramu

An International Arbitration Centre (IAC) in Hyderabad would be reality if the State government was ready to provide infrastructural facilities, said Chief Justice of India N. V. Ramana on Tuesday. 

The Chief Justice of the Supreme Court, in an informal discussion with Telangana High Court legal correspondents at Raj Bhavan here, said bringing the IAC to Hyderabad was his dream. Telangana Chief Minister K. Chandrasekhara Rao readily agreed to create all facilities required to set it up in Hyderabad. 

One such centre is already operational in Singapore. The CJI, who was in Hyderabad on a three-day visit to the State, explained that he held consultations with Singapore Chief Justice Sundaresh Menon during the latter’s recent visit to Delhi on setting up an IAC in Hyderabad. 

It would require to constitute a panel of renowned international arbitrators. The reputation of international arbitrators would be an important factor in ensuring successful operation of the Centre, the CJI said. A Judge of the Supreme Court would be asked to coordinate with the international arbitrators, Singapore Chief Justice and Telangana government in establishing the IAC at Hyderabad. 

In next few weeks, the Chief Justice of Singapore was likely to visit Delhi for an international programme. After holding another round of discussions with him, efforts would be made to invite him and international arbitrators to Hyderabad this August to assess the feasibility of creating such centre here, the CJI said. 

Due to location of several pharmaceutical and IT companies in and around Hyderabad litigations involving multinational entities was on the rise. These companies and litigants had no other option but to go to other international arbitration centres and were incurring huge expenditure due to that. Establishing an IAC in Hyderabad would be helpful to companies and the city was well connected internationally as well, the CJI observed. 

“A well built structure to accommodate the centre with good library and other facilities would be the basic requirement,” Justice N.V. Ramana said. The city had several hotels to accommodate the international arbitrators, litigants and others coming to the proposed IAC. “International Arbitration Centre in Hyderabad is my dream... I hope it will be a reality,” the CJI said. 

He said that soon a software was being introduced in Supreme Court and in some High Courts to ensure judgements were uploaded on the respective websites of the courts soon after pronouncing the verdict. Copies of the verdicts would be sent to the lawyers concerned and the respondents immediately through email.

[MiryalgudaMaruthiRao]

[hyperbole]

Would be an immense boom to the reputation of the city if this were to become a reality 

[snoww]

1 hour ago, hyperbole said:

Would be an immense boom to the reputation of the city if this were to become a reality 

Bodi ichentha scene ledu. Justice ramana next year retire anukunta. 

[hyperbole]

22 minutes ago, snoww said:

Bodi ichentha scene ledu. Justice ramana next year retire anukunta. 

international arbitration doesn’t come under the purview of the governments, there have separate curriculum  who pursue degrees in it and arbitration lawyers specialize in drafting and litigating agreements. There are guidelines and jury compromises of think tanks from all over the world. It is a very complex institution.

https://www.lawyer-monthly.com/2020/03/how-does-international-arbitration-work/

 

 

[snoww]

5 minutes ago, hyperbole said:

international arbitration doesn’t come under the purview of the governments, there have separate curriculum  who pursue degrees in it and arbitration lawyers specialize in drafting and litigating agreements. There are guidelines and jury compromises of think tanks from all over the world. It is a very complex institution.

Funding government ee ivvali kada 

[hyperbole]

8 minutes ago, snoww said:

Funding government ee ivvali kada 

That’s what CJI is lobbying for, KCR seemed respective to the idea, firstly it requires few thousand crores investment in the form land allocation in prime area like gachibowli or hitech city, buildings, books, personal etc. some of the funding might come from international investors 

but once established it will be self sufficient since each arbitration agreement run into few crores as fees. Almost every partnership involving foreign entity has an arbitration agreement.
 

government will eventually make back the money worth in the form of good will, city reputation, few 5 star hotel investments, employment generation etc. think of it like an ISB in terms of its value add

[snoww]

4 minutes ago, hyperbole said:

That’s what CJI is lobbying for, KCR seemed respective to the idea, firstly it requires few thousand crores investment in the form land allocation in prime area like gachibowli or hitech city, buildings, books, personal etc. some of the funding might come from international investors 

but once established it will be self sufficient since each arbitration agreement run into few crores as fees. Almost every partnership involving foreign entity has an arbitration agreement.
 

government will eventually make back the money worth in the form of good will, city reputation, few 5 star hotel investments, employment generation etc. think of it like an ISB in terms of its value add

Just state government tho pani antey might be possible . Center involvement emi leka pothe. 

[hyperbole]

1 minute ago, snoww said:

Just state government tho pani antey might be possible . Center involvement emi leka pothe. 

Yes, looks like he is already planning his retirement, lets wait and see if he has a proper plan or not. It is not easy and he will need support from someone the like Singapore who has an expertise 

[JackSeal]

3 hours ago, hyperbole said:

CJI proposes an International Arbitration Centre in Hyderabad

Marri Ramu

An International Arbitration Centre (IAC) in Hyderabad would be reality if the State government was ready to provide infrastructural facilities, said Chief Justice of India N. V. Ramana on Tuesday. 

The Chief Justice of the Supreme Court, in an informal discussion with Telangana High Court legal correspondents at Raj Bhavan here, said bringing the IAC to Hyderabad was his dream. Telangana Chief Minister K. Chandrasekhara Rao readily agreed to create all facilities required to set it up in Hyderabad. 

One such centre is already operational in Singapore. The CJI, who was in Hyderabad on a three-day visit to the State, explained that he held consultations with Singapore Chief Justice Sundaresh Menon during the latter’s recent visit to Delhi on setting up an IAC in Hyderabad. 

It would require to constitute a panel of renowned international arbitrators. The reputation of international arbitrators would be an important factor in ensuring successful operation of the Centre, the CJI said. A Judge of the Supreme Court would be asked to coordinate with the international arbitrators, Singapore Chief Justice and Telangana government in establishing the IAC at Hyderabad. 

In next few weeks, the Chief Justice of Singapore was likely to visit Delhi for an international programme. After holding another round of discussions with him, efforts would be made to invite him and international arbitrators to Hyderabad this August to assess the feasibility of creating such centre here, the CJI said. 

Due to location of several pharmaceutical and IT companies in and around Hyderabad litigations involving multinational entities was on the rise. These companies and litigants had no other option but to go to other international arbitration centres and were incurring huge expenditure due to that. Establishing an IAC in Hyderabad would be helpful to companies and the city was well connected internationally as well, the CJI observed. 

“A well built structure to accommodate the centre with good library and other facilities would be the basic requirement,” Justice N.V. Ramana said. The city had several hotels to accommodate the international arbitrators, litigants and others coming to the proposed IAC. “International Arbitration Centre in Hyderabad is my dream... I hope it will be a reality,” the CJI said. 

He said that soon a software was being introduced in Supreme Court and in some High Courts to ensure judgements were uploaded on the respective websites of the courts soon after pronouncing the verdict. Copies of the verdicts would be sent to the lawyers concerned and the respondents immediately through email.

Baboru CM ga undi unte amaravathi lo propose chesevadu