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A New Innings For Arbitration In India

Published on Tue, Aug 12,2014 | 22:28, Updated at Tue, Aug 12 at 22:28Source : Moneycontrol.com 

The Law Commission of India, led by its Chairman Justice A.P. Shah, has released its proposed amendments (“Law Commission Report”) to the Arbitration & Conciliation Act, 1996 (“the Act”). The Law Commission Report was handed over to the Ministry of Law and Justice suggesting a radical overhaul of the Act. It may be recalled that in 2010, the Ministry of Law and Justice had released a consultation paper suggesting certain amendments to the Act. It was then felt that the consultation paper did not address the shortcomings of the Act. The Law Commission Report has, on the other hand, addressed a large number of concerns raised and if implemented, could prove to be a game-changer for arbitration in India. For more please read the attached report by Nishith Desai Associates.

Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified the accuracy of the claims made in the report/newsletter, nor does it agree or disagree with, or endorse any information/opinions contained therein.

Attachments : A_new_innings_for_arbitration_in_India___Overhaul_suggested_for_the_Arbitration___Conciliation_Act__1996.pdf
 
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