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Nani Palkhivala Arbitration Centre (NPAC), is a non-profit Sec 25 company founded by Palkhivala Foundation. It was started keeping in mind the growing burden on Indian courts and the inordinate delay disposal of litigation through the court with the aim of providing world-class facilities to conduct arbitration proceedings and also to make it a centre of excellence in the matter of Institutional Arbitration. NPAC also provides advisory services relating to drafting and finalising arbitration agreements for Institutional Arbitration.
NPAC is formally recognized by the Madras High Court to render assistance in Arbitration matters by an order dated 21.9.2005 of the Madras High Court. The purpose of establishing the Centre is to provide quick, efficient and cost-effective arbitration services and to disseminate information relating to Arbitration.
All income earned by the institution applied to improving the quality of facilities offered at the Centre and to create awareness of the process of Institutional Arbitration. There is no declaration of dividends or distribution of profits. The Directors do not draw any salary for their services.
One of the goals of the NPAC is to promote institutional arbitration. In this regard, Institutional rules are made available to the parties, arbitrators and institutions. NPAC has its own institutional rules which could be incorporated in all existing and pre-existing contracts between the parties.
NPAC is one of the few recognized institutions on arbitration in India with an outstanding panel of arbitrators. Its regulations have adopted the best practices in international centres. It has become increasingly popular in South India as the preferred venue for conducting arbitration proceedings.
Nani Palkhivala Arbitration Centre (NPAC) is pleased to announce Satya Hegde Essay Competition on arbitration.
We invite essay’s from current students of Law from any College or University in India.
The topic is Seat centricity and the Bhatia/ BALCO jurisprudence.
Recent case laws suggest that the principle of seat centricity is equally applicable to cases under the Bhatia regime. What then happens to the prospectivity of BALCO? Further, does Bhatia stand impliedly overruled? How are these recent cases to be reconciled with earlier jurisprudence?
The last date to submit is December 26, 2017, 6 PM.
1st prize: Rs. 10,000
2nd prize: Rs. 7,500
3rd prize: Rs. 5000