How Is Commercial Arbitration Used?

Commercial arbitration has become fairly popular in India, particularly in relation to large commercial contracts. A large number of arbitrations in India relate to infrastructure and construction contracts, particularly those with government entities, including public sector undertakings. Arbitrations are also conducted in relation to admiralty law, import-export transactions, and so on. In some circumstances arbitration may be provided for under statute. Certain bodies, such as the stock exchanges, also provide for arbitrations.