LS passes Arbitration & Reconciliation bill

Q.  LS passed the _____________ Bill by voice vote on December 17, 2015.
- Published on 18 Dec 15

a. Reconciliation and Arbitration Bill 2015
b. Arbitration Bill 2015
c. Arbitration and Reconciliation (Amendment) Bill 2015
d. Negotiation and Arbitration Bill 2015

ANSWER: Arbitration and Reconciliation (Amendment) Bill 2015
 
LS passed the Arbitration and Reconciliation (Amendment Bill), 2015 by voice vote. The Bill seeks to make the arbitration process more investor-friendly, cost effective and affordable apart from meeting standards of international arbitration.

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