'India to be global seat for arbitration'

India is uniquely positioned to emerge as the next global seat for arbitration, Supreme Court judge justice Surya Kant has said, citing rising costs and procedural delays in traditional arbitration centres such as London and Singapore.

- Utkarsh Anand [e-mail]

Speaking in Sweden earlier this week, justice Kant noted that the global arbitration landscape is “in search of new anchors”, and that India, through key legal reforms, judicial support and institutional evolution, stands out as a credible and cost-efficient contender.