Gauging the Arbitrability of Competition Law Disputes
In the recent times, arbitration has become a preferred private and consensual mode of dispute resolution. Arbitral tribunals and courts have been dealing with complex contracts and rapidly evolving the law relating to arbitrations. The prime issue faced by arbitral tribunals is whether the dispute referred to it is arbitrable in the first place. These questions commonly arise when allegations of fraud are made before a tribunal, or a reference is made to decide issues relating to competition law. ‘Arbitrability’-What is it, and why is it so important? To understand the above questions, let us assume a situation, where an arbitral tribunal comes to a conclusion, that a dispute raised before it is not arbitrable or cannot be referred to arbitration. In such a situation, what is the option left to the parties, where does the aggrieved party g...