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 framework beneficial for both domestic and international stakeholders. In the past year, there have been no legislative amendments to the Arbitration Act. In 2023, the Indian…

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 ecosystem 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 and Conciliation (Amendment) Ordinance, 2020 (“Ordinance”). Subsequently, on 11 March 2021,…