AI can help arbitrators in document review, analysis, research: Rijiju
Law Minister Kiren Rijiju on Sunday batted for institutional arbitration in the country and pointed at loopholes in "ad hoc" arbitration, saying such proceedings are susceptible to court interventions which delay the final outcome.
He also said artificial intelligence (AI) can help arbitrators in tasks such as document review and analysis, legal research, and drafting of awards.
Addressing a Delhi Arbitration Weekend event at the Delhi High Court, he said majority of the people go for "ad hoc" arbitrations where the proceedings are not governed by pre-determined rules.
As a result, these proceedings are susceptible to court intervention at various stages which leads to delay in final decision for the parties involved. On the other hand, Rijiju pointed out, institutional arbitrations are regulated by the rules of an institution that provide for a more structured and secure process.
In addition, parties can benefit from the expertise of the arbitral institution having good quality ..