G D Goenka CIArb (India) International Commercial Arbitration Competition2018
School of Law, G D Goenka University organized the G D Goenka CIArb (India) International Commercial Arbitration Competition2018 on 30thNov-2nd Dec 2018. 24 teams both national and international participated in the competition. The inaugural session of the G D Goenka CIArb (India) International Commercial Arbitration Competition2018took place at Hyatt Regency, New Delhi. The event was a grand success with an august gathering of renowned legal dignitaries who shared their thoughts on international commercial arbitration law, legal ethics and importance of arbitration law.
The inaugural address was delivered by the Former Chief Justice of India, Hon’bleMr. Justice DipakMisra, who has given various landmark decisions in a very short span of time that will stand firm in history. With his immense experience, HMJ DipakMisra discussed about legal ethics and how pragmatic dispute settlement mechanism is in present times. Hon’bleMr. Justice DipakMisra advised the students to have complete understanding of law and expand their horizon.
Dr. LalitBhasin [President CIArb (India), President, SILF]was the key-note speaker for the day. He emphasised on professional ethics in Arbitration Law and how it is litigant friendly. Dr. Bhasin called each participant a winner who had participated in the International Commercial Arbitration Competition from different universities both national and international.Hon’bleMr. Justice LingalaNarasimha Reddy, Chairman,Central Administrative Tribunal, Principal Bench, New Delhi, in his special address, discussed about arbitration as the future of law and also mentioned that it will not just be an alternative dispute resolution mechanism but the better dispute settlement mechanism.
Mr.Nipun Goenka (Managing Director, G D Goenka University), Prof. Dr. SukuBhaskaran, (President, G D Goenka University), Prof.(Dr).S.Shantakumar ( Pro- Vice Chancellor, G.D. Goenka University) and all Deans of different schools of G D Goenka University were also present for the occasion.
After rigorous sessions in the quarter finals of the competitive GD Goenka CIArb(India) International Commercial Arbitration Competition, 2018, four best teams out of eight were selected to proceed to the semi-finals. The eminent debating and the level of the negotiations by the participating teams took the judges by surprise. However, at the end of such an impactful session the esteemed judges chose the two most deserving teams as the finalists.
Mr LalitBhasin, President, CIArb (India), SILF, was the Chief Guest of the Valedictory session. Mr. Ganesh Chandru,Executive Partner at Lakshmikumaran&Sridharan and Mr. Ajay Thomas,Vice-Chair of the ICC India Arbitration Group (IAG) judged the Finale along with Mr.LalitBhasin. Islamic Azad University, Iran won the prestigious Competition, Sastra University were the runners up. The Best Speaker award (female) was awarded to Ranjitha .N.R. Christ University,Bangalore . The award for Best Memorial was given to NLU Tamil Nadu. After the award ceremony was completed, cash prize worth two lakhs rupees was awarded to the winners. It was a tough competition but nonetheless, the learning experience was very enriching. Each participant was a winner as they all participated with full vigour and responsibility.The competition was successfully concluded on 2nd Nov 2018.