Impact of Covid-19 on Arbitration
The present pandemic creates a necessity for businesses and corporations to contemplate thoroughly appropriate and alternative procedures for the economical, timely, amicable, and cost-effective resolution of disputes. The focus should be gravitated towards maintaining a strong relationship and growing the business relationship, re-negotiating the contract, or looking for different routes to redress their conflicts, rather than demanding on stringent implementation of contractual terms. This has called for increasing need for Alternative dispute resolutions like mediation, conciliation and Arbitration as well as the combination of different dispute resolution processes. This paper focusses on the impressions and the effects left on by Covid on litigations and alternative dispute resolutions.
This is an Open Access article distributed under the terms of the Creative Commons Attribution–NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.