TAASIR NEWS NETWORK- SYED M HASSAN –20 MAY
New Delhi, May 19, 2023: Indian Institution of Technical Arbitrators (IITArb) hosted the fifth international conference on ‘Construction Arbitration: The Indian and International perspective’ on 19th & 20th May 2023, at Vigyan Bhawan here. Leading experts from India and abroad in the field of construction arbitration deliberated current and emerging trends in construction arbitration and the best international practices that can be implemented in India.
The conference provided a valuable forum for construction industry professionals to interact & share insights and experiences on how best to manage and resolve disputes in the construction industry.
Chief guest of the conference, Shri Gajendra Singh Shekhawat, Union Jal Shakti Minister, Government of India, who addressed the conference through video-conferencing, said, “Indian Institution of Technical Arbitrators have played a vital role in removing obstacles in the development of the country. This organisation has been continuously doing yeoman’s work in building a new strong India. The achievement of this institution in the last two decades is definitely praise worthy. IITArb’s relentless pursuit of providing alternative solutions to commercial disputes and frictions has helped us emerge as a strong economic force in the global stage. This industry comes with a host of technical and legal challenges. The role of arbitrators is going to be extremely important. I strongly believe some novel ideas will come up for this conference.”
The event was also attended by other delegates including Gracious, Shuryendu, Himanshu Batra, Hasit Seth, Dr Amit George, Ratan K Singh, Anand Juddoo, Tejas Karia, Saurav Agarwal, Justice Talwant Singh, Datuk prof Sundra Rajoo Malaysia, Kunal Vajani and Hades Tam.
“This conference highlights the need for the construction law in India. The law will help to tackle construction-related disputes in a better way and can be minimised. The law should also elaborate on the role of technical arbitrators. It should include domain-specific people instead of judiciary and advocates so that they can analyse the situation better and can prompt quick decisions,” said Krishna Kant, Chairman, Indian Institution of Technical Arbitrators.
The conference was open to all industry professionals, including engineers, architects, contractors, subcontractors, and legal professionals. It provided a platform for sharing knowledge, exchanging ideas, building relationships among professionals in the field, and increasing cooperation across boundaries.
Shri MCT Pareva, *Secretary General*, Indian Institution of Technical Arbitrators, added, “This conference was a knowledge-sharing session between experts from the legal and technical field of the construction industry for better outcomes. *This Institute acts as trainer to the Professional of dispute resolution in Construction sector which help early delivery of projects which in turn lead to fast development of the nation and add to socio ecomic development of nation*”
During the conference, panel discussions and comparative study were presented and provided an overview of construction arbitration practices in India, suggested legislative & policy measures, framing specific rules for construction arbitration, issues related to standard form contracts & bespoke conditions, claim documentation, delay & quantum analysis, drafting of arbitration clauses & appointment of arbitrator(s) will be highlighted in the event.
Registration is *still* ~now~ open, and interested individuals can visit
www.iitarbd.org for more information and *can register for the conference at venue also*.