legal frameworks for arbitration

Legal frameworks for arbitration are rules and laws that govern how disputes are resolved through arbitration instead of court litigation. They outline procedures, the authority of arbitrators, and how awards (decisions) are enforced. These frameworks ensure fairness, consistency, and legal validity of the arbitration process across different jurisdictions. Key instruments include national laws, such as the Arbitration Act, and international conventions like the New York Convention, which facilitate cross-border enforcement. Overall, these legal frameworks provide a structured, reliable alternative for resolving disputes efficiently while respecting legal standards.