World News | Institutions with Focus on Rule of Law Needed to Build Trust in Globalisation, Says CJI Ramana

Dubai, Mar 19 (AP) Chief Justice of India N V Ramana on Saturday said strong institutions with emphasis on the rule of law must be created to build trust in the globalised world.

Speaking at the 'Arbitration in the Era of Globalisation' event here, Justice Ramana said the rule of law and arbitration are not in conflict with one another. The conference was organised by the Indian Council of Arbitration (ICA) and supported by Federation of Indian Chambers of Commerce & Industry (FICCI).

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"Both arbitration and judicial ethics education are aimed to serve the same goal to pursue justice. The Indian courts are known for their pro-arbitration stance," he said.

Justice Ramana said courts in India assist and support arbitration and leave the substantial part of adjudication to the arbitration tribunal.

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"To meet the ever-increasing demands more and more arbitration centres should be promoted," he said.

"I hope that Indian and international arbitration centres will cooperate and share information and knowledge. I see a future both in India and Dubai, tending towards institutional arbitration," he said.

Justice Ramanna, the 48th Chief Justice of India, is on his first visit to the Gulf region. He was appointed as the chief justice of India on April 6, 2021.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)