Arbitration meaning in urdu | what is arbitration law | Case laws on arbitration
Arbitration law in Pakistan Arbitration meaning in Urdu کا مطلب ھوتا ھے ثالثی کرنا۔ Arbitration **Arbitration Act in Pakistan: A Comprehensive Overview** Arbitration, as a method of alternative dispute resolution, plays a crucial role in the legal landscape of Pakistan. The Arbitration Act of 1940 governed arbitration proceedings in the country for several decades. However, recognizing the need for a more modern and efficient framework, Pakistan enacted the Arbitration (International Investment Disputes) Act, 2011, which applies to international commercial arbitrations and investment disputes. **Key Features of the Arbitration Act:** 1. **Scope and Application:** - The Arbitration Act governs both domestic and international arbitrations taking place within Pakistan. - It applies to disputes arising out of legal relationships, whether contractual or not, that are considered commercial under Pakistani law. 2. **Appointment of Arbitrators:** - The Act provides for the appoint