Arbitration Law in India: As per the dictionary, arbitration means “the use of an arbitrator to settle a dispute”. Therefore, similar to that, Arbitration Law means a process in which the 2 parties submit their dispute to one or more arbiters. The parties choose to solve the dispute in private rather than going to court. It is then the job of the arbitrator to solve the dispute objectively.
For example, when two or more people can not agree on the terms of the divorce, they can take the help of a third party (the arbitrator) to help them negotiate. This type of agreement falls under the arbitration law.
Who is an arbitrator? An arbitrator is not a judge. Judges are answerable to only the court and law. However, an arbitrator is only answerable to the parties they are dealing with. Although arbitrators do take oaths to be fair and impartial and apply the law as do judges.
Another way to sum up the definition is a “method to solve conflict outside the court”. It is a specialisation of law that the candidates can opt for.
Arbitration Law can be pursued at UG and PG levels. Also, candidates can get a diploma or certificate degree in this specialisation.
Eligibility for Arbitration Law
To take admission to law colleges to pursue Arbitration Law, candidates have to check the eligibility of the course. The eligibility might differ from college to college. Hence the candidates must go through the required age limit, qualifications and all other details carefully.
Some basic eligibility is given below:
- To pursue a UG course in Arbitration Law, candidates must pass 10+2 with minimum qualifying marks as set by the institution.
- For admission in a PG course, candidates must have an LLB degree. If a candidate has pursued a 5-year integrated law degree, they can also apply for the PG Arbitration Law course.
NLU Delhi offers an online course in Arbitration Law. Students doing LLB, LLM, BCom, MCom, MBA, CA, CS, Lawyers, etc can apply. The certificate course of NLU Delhi is India’s first ever completely online professional course for students and professionals.
Skillset for Arbitration Law
A lawyer needs a basic skillset to ace in this profession. Arbitration Law requires some additional skills like attention to detail, good observation, sharp memory, inquisitiveness, decision making, and more. Some of the most important skill sets are as follows:
Communication Skills - A good Constitutional Law lawyer should have excellent communication skills, which can help in boosting his career.
Sharp Memory - A lawyer’s task is not just to represent his/her clients in court but also to present different facts and figures in the court. Sharp memory will help in presenting points in stating them with confidence.
Problem Solving Attitude - A lawyer should not just have a positive approach but also have a problem-solving attitude to gain the trust of his/her clients.
Some other needed skill sets are:
Good at research
Ability to analyse facts
Ability to manage stress
Interest in technology
Good at oral communication
Ability to debate
Good decision making skills
Clarity of speech
Mental and physical stamina
Good at multi-tasking
Good observational skills
Interest in research
Interest in detail
Ability to work in a team
Good convincing power
Good judge of situation/ people
Arbitration Law Entrance Exams
Arbitration law is a specialisation of law. Candidates can pursue it at UG and PG levels. They can get an LLB degree or LLM degree. To pursue a degree in Arbitration law candidates have to enrol in a recognised college. Colleges have different admission processes. Me colleges take admission based on entrance exam scores. Some of the law entrance exams are gien below:
- CLAT (Common Law Admission Test)
- CLAT PG
- AILET PG
- AILET (All India Law Entrance Test)
- LSAT (The Law School Admission Test)
- ILI CAT
Arbitration Law Syllabus
Arbitration law syllabus can differ from college to college. Hence there is no specified syllabus, however, some basic areas that are taught in arbitrary law are as follows:
Introduction to Alternative Dispute Resolution
- Mediation and Conciliation
- Communication & Role of the Paralegal
Application of ADR Methods in Different Fields & Areas
- Settlement in Labour and Industrial Disputes
- Different Acts and Disputes
- Settlement laws
Arbitration & Conciliation Law & International Perspective
- The Arbitration and Conciliation Act, 1996
- International Developments
Practical and Fieldwork
- This includes submission of project work on Arbitration / Mediation
Arbitration Law Scope and Salary
Arbitration law is a fast-growing practice area. It is one of the most sought practices by businesses to settle any dispute as it is private and less complicated than court proceedings. An arbitrator’s role is defending their cases, drafting legal arguments and deciding on the merits. Hence, the job is highly respectable too.
The average salary for individuals with skills for arbitration is between 9 LPA to 14 LPA as per payscale.com.
Law graduates must qualify AIBE exam to practice in a court of law in India.
Arbitration Law FAQs
Q: What is Arbitration Law?
Q: Does any NLU offer an Arbitration Law course?
Q: Can I pursue a diploma in Arbitration Law?
Q: Can I get a degree in Arbitration Law?
Q: How is the Arbitration Law job profile?
Q: Are arbitrators judges?
Q: How much salary do the Arbitrators get?
Q: What does an Arbitrator do?
Q: Who can pursue the Arbitration Law?
Q: What is the difference between an Arbitrator and a Judge?
Q: What skill sets are needed for Arbitration Law?
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