Tag: Section 36 of the Arbitration Act
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. ......
December 17, 2019
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Constitutionality of Section 87 of The Arbitration and ...
Ever since India was ranked at 178 out of 189 nations in the world in contract enforcement, the government has attempted to take different steps to facilitate quick enforcement of contracts and hasten the process of dispute resolution through arbitration, so as to encourage investment and economic activity. As part of these measures to change the country’s image with regard to contract enforcement, the government has made amendments to the Arbitration and Conciliation Act, 1996 (“Act”)with the most recent amendment coming into effect on August 30, 2019 (“2019 Amendment Act”)....