A unanimous award (worth around USD 960 million) issued in favor of a construction consortium by a three-member Arbitral Tribunal sitting in New Delhi was set aside by the Supreme Court of India, after no less than 5 attempts to assail the award. The saga, which began before a Single Judge bench of the Delhi High Court in 2017, finally ended before the Supreme Court in April 2024, when it set aside the award in…
A. LEGISLATION AND RULES A.1 Legislation The Indian Arbitration and Conciliation Act, 1996 (“Arbitration Act”) is the primary legislation…
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 publication, a collaboration with KIAP, Attorneys at Law, is written in the Russian language and discusses cultural specifics of arbitration in several Asian jurisdictions, including Cambodia, China, Hong Kong, India, Korea, Singapore, Thailand, Vietnam and the Philippines. It was launched via a webinar on 12 March 2021. The webinar can be viewed here.
INDIA Aditya Vikram Bhat, Priyanka Shetty and Adoksh Shastry A. LEGISLATION AND RULES A.1 Legislation The Indian Arbitration…
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 by the Indian Arbitration and Conciliation Act 1996 (Act). The Act has undergone a series of amendments since 2015. 2019 saw the introduction of the Arbitration and Conciliation (Amendment) Act 2019 (“Amendment Act 2019),” which focussed on improving the eco-system for commercial arbitration in India and developing an institutional arbitration program that can benefit both domestic and international market…
Recent actions undertaken by the Supreme Court of India could signal a sea change in India’s approach to…