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A COMMON ARBITRATION/CONCILIATION CENTRE FOR SOFTWARE INDUSTRIES
The software industry which renders services to their overseas clients, faces the following challenges to recover their 'bad debts' :-
1. Jurisdiction : To initiate legal proceedings at India, the agreement is to have the clause pertaining to 'Indian Jurisdiction'.
2. Slow process in administration of justice by the courts.
3. Implementation of court decree.
If a common arbitration/conciliation council is established to overcome the above obstacles, the industry can gain more.
Learned viewers suggestions/ideas are solicited regarding this issue.
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