Q: What are the sources of arbitration ?

Ans: The sources of arbitration are International Conventions, National Customs and Judicial Decisions. 

In international conventions, there are two types of conventions i.e., Multilateral Conventions and Bilateral  Conventions. 

Multilatetal Convention: Geneva Protocol, 1923 and Geneva Convention,  1927.

New York Convention on Foreign Arbitration Award( Recognition and Enforcement),  1958 are the examples of international convention.

Foreign award ( Recognition and Enforcement act) , 1961. 

National customs: 

1. Father of panchayati Raj :  Lord Rippon 

2.  Panchayati Raj in constitution: Part 9 and Article 40. 

3. Article 51(d) of indian constitution mentions International Arbitration whereas Article 51 is  promotion of international peace and security section 2(1)(f) of arbitration and conciliation act deals with international commercial arbitration.  

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