Mere creation of arbitration institutions is not sufficient and we have to ensure that these dispute resolution hubs are not controlled by a “self-perpetrating clique”, Chief Justice D Y Chandrachud has said.

Speaking at the Supreme Court of the United Kingdom, Chandrachud said now is the time for countries such as India to step up to the occasion to create and promote a culture of commercial arbitration and the robust institutionalisation of arbitration will further the culture of arbitration in the Global South.