It is welcome move by Government of Maharashtra to have come up with MCIA in joint initiative with international & domestic business & legal community which is going to have a positive effect on International businesses foraying into India, who usually prefer arbitration over local litigation proceedings.
It is poised to streamline arbitration proceedings at par with Dubai International Arbitration Centre (DIAC), Singapore International Arbitration Centre (SIAC) and The London Court of International Arbitration (LCIA) which also has an office in India.
Read more at:
http://mcia.org.in
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