Ciarb President: India Needs Stronger Arbitration Institutions

India’s strong economy and the volume of commercial activity taking place in the country give it the essential foundation required to become a global arbitration hub, Chartered Institute of Arbitrators (Ciarb) President Cesar Pereira said.Pereira is the first Latin American President of Ciarb and a partner at Brazilian law firm Justen, Pereira, Oliveira & Talamini.Speaking to Bar & Bench's SN Thyagarajan, Pereira discussed India’s prospects as an arbitration centre, artificial intelligence, arbitrator disclosures, diversity, opportunities for young professionals and transparency in government disputes.Edited excerpts follow.SN Thyagarajan (SNT): India has repeatedly spoken about becoming a global arbitration hub. What gives it a realistic chance of achieving that?Cesar Pereira (CP): India has many strengths, but one is particularly important: it has a strong economy. It is difficult to become an arbitration hub if there is no real business taking place in that jurisdiction.London, New York, Singapore, Hong Kong, Paris and Dubai all have considerable commercial activity. Arbitration may become an industry of its own, but it generally develops as a by-product of business occurring in a particular place. India already has that essential element. It is, therefore, easy to imagine disputes arising from Indian business being resolved in India and, over time, supporting an autonomous arbitration industry.However, two issues must be addressed. First, for the world to trust I