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In International Arbitration Yearbook

Baker McKenzie International Arbitration Yearbook 2024-2025 – India

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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 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…

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In International Arbitration Yearbook

Baker McKenzie International Arbitration Yearbook 2024-2025 – Indonesia

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A. LEGISLATION AND RULES A.1 Legislation International arbitration continues to be governed by Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution (“Arbitration Law”). Save for a judicial review of article 1(9) of the Arbitration Law as described in Section B below, there has been no change to the Arbitration Law. Indonesia ratified the New York Convention through Presidential Decree No. 34 of 1981. A.2 Institutions, rules and infrastructure A.2.1 Arbitration institutions in…

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In International Arbitration Yearbook

Baker McKenzie International Arbitration Yearbook 2024-2025 – Singapore

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A. LEGISLATION AND RULES A.1 Legislation International arbitration continues to be governed by the International Arbitration Act (IAA), the Arbitration Act (AA) and the Arbitration (International Investment Disputes) Act. There have been no legislative amendments in the past year. A.2 Institutions, rules and infrastructure The main arbitral institution in Singapore is the Singapore International Arbitration Center (SIAC). The SIAC’s new 7th Edition of its Rules came into force on 1 January 2025 (“SIAC Rules 2025”).…

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In Hong Kong

Hong Kong court rejects jurisdictional challenge and grants anti-suit injunction against Russian bank

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Introduction It is a well-established principle in Hong Kong that foreign proceedings instituted in breach of an arbitration agreement will ordinarily be restrained by the grant of an injunction, unless there are strong reasons shown to the contrary. What constitutes strong reasons depends on all the facts and circumstances of the particular case. In Bank A v Bank B [2024] HKCFI 2529, the Hong Kong Court of First Instance (CFI) considered an application for an…

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