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A. LEGISLATION AND RULES A.1 Legislation The Indian Arbitration and Conciliation Act, 1996 (“Arbitration Act”) is the primary legislation governing arbitration in India. The Arbitration Act has undergone several amendments in recent years, primarily focusing on enhancing the commercial arbitration ecosystem in India and establishing an institutional arbitration program beneficial for both domestic and international stakeholders. In the past year, there have been no legislative amendments to the Arbitration, except for Part III of the Arbitration…

INDIA Aditya Vikram Bhat, Priyanka Shetty and Adoksh Shastry 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 over the years and 2019 saw the introduction of the Arbitration and Conciliation (Amendment) Act 2019 (“Amendment Act 2019”), which focused on improving the eco-system for commercial arbitration in India and developing an institutional arbitration program…

Recent actions undertaken by the Supreme Court of India could signal a sea change in India’s approach to international disputes. The Supreme Court recently instructed the Mumbai Centre for International Arbitration (MCIA) to appoint an arbitrator to decide a long-standing international dispute between top drug maker Sun Pharmaceutical Industries Ltd and Nigeria-based Falma Organics Limited. The Indian Supreme Court’s action marks the very first time any Indian court—let alone the country’s highest court—has invoked section…