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…
A. LEGISLATION AND RULES A.1 Legislation The Indian Arbitration and Conciliation Act, 1996 (“Act”) is the primary legislation governing…
We are happy to present to you Arbitration in Asia, an arbitration handbook for Russian in-house counsels. The…
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…
On 9 August 2019, the Arbitration and Conciliation (Amendment) Act 2019 (“the Amendment Act”) came into force in…
INDIA Aditya Vikram Bhat and Adoksh Shastry A. LEGISLATION AND RULES A.1 Legislation Arbitration in India is governed…
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…