Speaking at the “Arbitration in the Age of Globalization” event, Judge Ramana said the rule of law and arbitration are not in conflict.
Chief Justice of India NV Ramana said on Saturday that strong institutions must be created with an emphasis on the rule of law to build trust in the globalized world.
Speaking at the “Arbitration in the Age of Globalization” event, Judge Ramana said the rule of law and arbitration are not in conflict.
The conference was organized by the Indian Council of Arbitration (ICA) and supported by the Federation of Indian Chambers of Commerce & Industry (FICCI).
“Both arbitration and legal ethics are intended to serve the same purpose, which is the pursuit of justice. The Indian courts are known for their pro-arbitration stance,” he said.
Justice Ramana said courts in India assist and support arbitration and leave the substantial part of the arbitration to the arbitration tribunal.
“To meet the ever-increasing demands, more and more arbitration centers need to be promoted,” he said.
“I hope that Indian and international arbitration centers will work together and share information and knowledge. I see a future in both India and Dubai leaning towards institutional arbitration,” he said.
Judge Ramanna, the 48th Chief Justice of India, is on his first visit to the Gulf region. He was appointed Chief Justice of India on April 6, 2021.
This post Rule of Law Institutions Needed to Build Trust in Globalization, Says CJI Ramana
was original published at “https://www.financialexpress.com/india-news/institutions-with-focus-on-rule-of-law-needed-to-build-trust-in-globalisation-says-cji-ramana/2465414/”
