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Annual International Arbitration Summit- Shanghai

Wolters Kluwer Hong Kong organised its 2nd Shanghai International Arbitration Summit on 20th July 2015 in Marriott City Centre Hotel Shanghai. The said summit gained a lot of importance due to increased use of arbitrations in China. China has developed various high class international arbitration Institutions including CIETAC, Beijing Arbitration Centre (BAC), Shanghai International Arbitration Centre ( SHIAC) etc., So far other international arbitral institutions are not allowed to manage the arbitrations seated in China but ICC and SIAC have opened their Liasion offices in Shanghai.

 Mr S Ravi Shankar an International Arbitration lawyer & Senior Partner of Law Senate law firm was invited by Wolters Kluwer to address the delegates from various law firms and Chinese Companies on " Effective handling of Disputes with Companies from India, in view of Arbitration & Conciliation ( Amendment) Act, 2015". Mr S Ravi Shankar made a presentation to the international delegates about the 12 months time line for completing arbitrations, Interim orders by Indian courts in support of foreign seated arbitration proceedings, mandatory declaration by the arbitrators about their relationship with parties or lawyers to ensure impartiality and independence of the arbitrators (in the lines of IBA Rules on Conflict of interest in international arbitration), reduced scope of Public policy, fees for arbitrators etc., The Chinese lawyers and In house counsel who participated in the conference appreciated the amendments brought in by the Government to increase the efficiency of the arbitration proceedings seated in India. They also appreciated the presentation of Mr Shankar who explained all the amendments and the consequential effect over the Arbitrations seated in India.

 Mr S Ravi Shankar was also invited to be a part of the Panel of experts from different jurisdictions to discuss about the topic of "Emergency arbitrators in International arbitration proceedings". The Panel was moderated by a renounced arbitrator Mr Stevan Lim from Singapore who has the experience of sitting as an emergency arbitrator appointed by SIAC.