Law

According to legal resources in India, the maximum amount payable to an arbitral tribunal (which can consist of one or more arbitrators) is capped at INR 30 lakhs  (approximately $37,200 USD) as per the Fourth Schedule of the Arbitration and Conciliation Act, 1996. However, it's important to remember this is a ceiling, not a standard fee.

Graduates of Arbitration Law Courses can pursue various career paths, including arbitration lawyers, arbitrators, corporate counsel specializing in dispute resolution, or roles within arbitration institutions.

Students enrolled in Arbitration Law Courses may explore emerging trends in arbitration, such as online dispute resolution, investor-state arbitration, and the use of technology in arbitration proceedings.

Judges are answerable to only the court and law. However, an arbitrator is only answerable to the parties they are dealing with. Some of the more comparison points are mentioned below:

Source - Multiple external / official sites, data may vary.

Students doing LLB,  LLM,  BCom,  MCom,  MBA,  CA, CS, Lawyers, etc. can apply for certificate courses. However,  for UG degree candidates must be 10+2 passed. For a PG degree, candidates must have an LLB degree.

Arbitration Law Courses focus specifically on alternative dispute resolution mechanisms, particularly arbitration, whereas traditional law courses cover a broader range of legal subjects.

Though the arbitration law itself is a law specialization, one can specialize in domains like construction arbitration, international trade arbitration Maritime law, etc through electives if offered during your law course or further studying these domains in research, PhD. or LLD.

LLM in any specializations require a Bachelor of Laws LLB or equivalent while Diploma or certificate courses may have different eligibility criteria, such as relevant work experience.

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LLM courses

This area of law deals with the cases outside the common courts. In arbitration, the two or more people will allow another person to determine the solution to a problem that they had despite agreeing that such a person has the power to determine the outcome of that matter. Arbitration is normally preferred to litigation because it takes less time for the case to be solved and is cheaper.

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Law courses

Hi,

Both B.Sc. LLB and B.A. LLB are five-year integrated law programs in India, but they differ in the undergraduate component you choose alongside your law studies. 

Hope this helps !