There is a provision for damages, however, I dispute the quantum of damages being claimed. Our contract states that any disputes will first be referred for resolution to arbitration. Thereby, we are now obliged to refer the matter to arbitration in the manner provided for under the Act. read more
Arbitration Act, 1940 was a legislation to help the parties to a dispute solve it with less interference of the Courts. However it is no longer in force and has been replaced by Arbitration & Conciliation Act, 1996. read more
The Arbitration Act (1940) Definitions Arbitration Agreement: means written agreement to submit present or future differences to arbitration, whether an arbitrator was named therein or not. Court: would mean a civil court having jurisdiction to decide the subject matter. read more
The Arbitration Act, 1940 (X of 1940) [11 th March, 1940] An Act to consolidate and amend the law relating to Arbitration. Preamble: Whereas it is expedient to consolidate and amend the law relating to Arbitration in Pakistan. It is hereby enacted as follows: -CHAPTER 1. Introductory 1. read more