ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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An Arbitrary Law for Arbitration

The Securities and Insurance Laws (Amendment and Validation) Ordinance, 2010 is an avoidable intrusion into the otherwise satisfactory institutional arrangement existing on matters relevant to it. Where cooperation between regulatory agencies is the need of the hour, the Ordinance seeks to give precedence to arbitration over cooperation. This column examines the key provisions of the Ordinance and comments on some underlying assumptions, lack of clarity on certain issues and implications for success of the arbitration process that the new law seeks to achieve.


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