Tag: Arbitration and Conciliation Amendment Ordinance
December 9, 2020
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
The Unconditional Stay Ordinance
On November 04, 2020, the President of India promulgated the Arbitration and Conciliation (Amendment) Ordinance, 2020 (“Ordinance”). The Ordinance was promulgated to ensure that all parties get an opportunity to seek unconditional stay of enforcement of arbitral awards where the underlying arbitration agreement or contract or making of the arbitral award are induced by fraud or corruption. ......