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Examveda

"International Commercial Arbitration" means an arbitration relating to disputes, where at least one of the parties is:
(1) an individual who is a national of or habitually resident in any country other than India
(2) a body corporate which is incorporated in any country other than India
(3) an association or a body of individuals whose central management and control is exercised in any country other than India
(4) a Government of a foreign country

A. (1) and (2) and not (3) and (4)

B. (1), (2) and (3) and not (4)

C. All the four above

D. None of the above

Answer: Option C


This Question Belongs to Law >> Arbitration And Conciliation Act

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An Arbitration Agreement dated 1st December, 2018 provides for reference of disputes to four arbitrators with two to be appointed by each of the parties. The Arbitration Agreement:

A. Is void and non-actionable

B. Is to be construed as being of reference of disputes to a sole arbitrator

C. Is to be construed as being of reference of disputes to three arbitrators

D. Is to be construed as being of reference of disputes to five arbitrators with the fifth arbitrator being nominated by the two arbitrators of each party