Arbitration Laws
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ZKJ’s another specialty includes Arbitration. Arbitration is a dispute-resolution process in which the parties select a neutral third party to resolve their claims. … Nonetheless, primary law and decisions handed down by other arbitrators deciding similar issues can be important sources of persuasive authority in resolving issues sent to arbitration. There are two major statutory instruments that govern arbitration in Pakistan: the Arbitration Act 1940 (the 1940 Act), which applies to local arbitrations, and the Recognition and Enforcement (Arbitration Agreements and Foreign Arbitral Awards) Act 2011 (the 2011 Act), which applies to foreign arbitrations.