Lexis Nexis’s Arbitration Step by Step by P C Markanda – 4th Edition 2024.

Arbitration is designed to be an expedient, cost-effective method of resolving commercial disputes, but poor procedural handling often derails this intent. Arbitration: Step by Step (4th Edition, 2024), published by LexisNexis, is explicitly written to prevent these breakdowns. Originally authored by the “Father of Indian Arbitration,” Dr. P.C. Markanda, this 16-chapter thematic commentary dives past abstract theory directly into the practical aspects of arbitral proceedings, highlighting exactly where professionals make critical mistakes.

Resolving Commercial & Infrastructure Disputes

Whether you are managing complex civil infrastructure claims, executing commercial real estate lease agreements, or enforcing long-pending rent arrear recoveries, mastering the procedural flow of arbitration is mandatory. This edition breaks down the lifecycle of a dispute:

• Framing the Agreement: How to draft airtight arbitration clauses that survive jurisdictional challenges.

• Conducting the Proceedings: Practical guidelines on managing hearings, handling evidentiary submissions, and controlling the arbitral tribunal’s timeline.

• Award Enforcement & Challenges: Detailed strategies for securing the enforcement of an award and navigating the stringent grounds for setting aside awards under Section 34.

The Impact of Recent Amending Acts

The legal landscape of arbitration has shifted dramatically over the last decade. This 2024 edition provides detailed discussions on the features and operational impacts of the Amending Acts of 2015, 2019, and 2021, heavily supported by recent landmark cases:

• Oil and Natural Gas Corp Ltd v Afcons Gunanusa JV

• Delhi Metro Rail Corporation Ltd v Delhi Airport Metro Express Pvt Ltd

• SBI General Insurance Co Ltd v Krish Spinning

Who Should Buy This Book?

• Advocates & Law Firms: The ultimate procedural playbook for litigating commercial matters and enforcing arbitral awards smoothly.

• Corporate Counsels & Real Estate Managers: Essential for drafting flawless lease clauses and pursuing cost-effective alternative dispute resolutions.

• Judges & ADR Institutions: A trusted, structured reference for evaluating procedural fairness and statutory compliance during tribunal hearings.

About the Legendary Author

Dr. P.C. Markanda (Late)

Dr. P.C. Markanda was a legendary legal visionary, widely revered as the “Father of Indian Arbitration.” Possessing a highly unique background, he started his career as a civil engineer before transitioning to law, ultimately earning a Doctor of Laws (LL.D.) and being designated as a Senior Advocate.

Drawing from his engineering roots, his specialized works perfectly navigate heavy infrastructure disputes, structural claims, and complex commercial agreements. Having served as the Vice-President of the Indian Council of Arbitration (ICA), his unparalleled reputation in national and international dispute resolution is immortalized in his texts. Today, his enduring legal legacy is carried forward by his family’s firm, Markanda Advocates, with his authoritative textbooks regularly updated by legal experts Naresh Markanda (Senior Advocate) and Rajesh Markanda (Advocate).

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