Law and Arbitration – Vertical
The idea behind dispute resolution mechanism stems from challenges faced frequently by developing countries in existing international arbitration frameworks.
Arbitration facilities would offer both domestic and international arbitration and mediation services. The verticals objectives also include training, research and reform ideation in connection with Arbitration.
a. Create expertise over local cultural ethos, and socio-economic and political concerns and realities
b. Effort to take into account various socio-economic conditions/situations of the domestic economy
c. Follow ethical principles in appointment of arbitrators
d. Cost-effective arbitration procedure for SME
e. Spread awareness about the existing arbitral institutions in the individual BRICS nations.