Arbitration must be professional to flourish: CJI

New Delhi, Dec 11 (IANS) Chief Justice of India T.S.Thakur on Friday said for arbitration to succeed in India, all those involved in the process, be it the arbitrator or the lawyers, would have to act professionally.

Pointing out that the arbitration overseas was highly professional, he said that it was this lack of this professional approach that was coming in the way of arbitration not flourishing in India.

“If you want to flourish in India, you have to be professionally competent” and “a matter (under arbitration) must finish once it has started otherwise it becomes oppressive both to the parties to arbitration and the arbitrator,” he said in his inaugural address at the two-day international conference ‘Arbitration in the era of globalisation’ organised by the Indian Council of Arbitration and business chamber FICCI.

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