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On January 1, 2024, China International Economic and Trade Arbitration Commission’s (CIETAC) newly amended arbitration rules (the 2024 Rules) have taken effect. As compared with the previous version which had been implemented for more than 8 years (the 2015 Rules), the 2024 Rules have introduced a significant number of new rules. These revisions reflect the development of China’s arbitration practice in the past years, and feature CIEAC’s efforts in aligning with the international standards. 1.…

The draft 7th edition of the Singapore International Arbitration Centre (SIAC) Rules was recently released for public consultation from 22 August 2023 to 21 November 2023.[1] According to the SIAC, the draft draws from the SIAC’s experience of administering more than 3,000 international cases under the SIAC Rules 2016, which involved parties from 106 jurisdictions across a range of seats and governing laws. The key proposed changes to the SIAC Rules Implementation of a new…

We are pleased to announce that the latest edition of the Baker McKenzie International Arbitration Yearbook is now available. This 16th edition looks at key developments in arbitration from the last year in over 45 jurisdictions, including: New arbitral rules from major institutions including the AAA, CAM-CCBC, CEPANI, DIAC and the SCC The ongoing reform of arbitration legislation to reflect international best practice, with recent developments in Italy, Japan, Luxembourg, the United Kingdom and Vietnam…

INDIA Aditya Vikram Bhat and Priyanka Shetty, AZB & Partners A.         LEGISLATION AND RULES A.1 Legislation The Indian Arbitration and Conciliation Act, 1996 (“Act”) is the primary legislation governing arbitration in India. The Act has undergone a series of amendments focused on improving the eco-system for commercial arbitration in India and developing an institutional arbitration program that can benefit both domestic and international market participants. On 4 November 2020, the President of India promulgated the Arbitration…