Arbitration Law Needs To Tackle A Key Concern

Card image

Arbitration Law Needs To Tackle A Key Concern

By Team EOS |
The arbitration law has undergone repeated amendments with only one aim — making India the hub of international arbitration.

Last month, the government set up an expert panel headed by former law secretary TK Viswanathan to suggest reforms in the 1996 Arbitration and Conciliation (A&C) Act. The A&C Act is the primary legislation regulating domestic and foreign arbitration in India. It gives effect to the International Convention on the Recognition and Enforcement of Foreign Arbitral Awards (also known as the New York Convention), which India signed in 1960. Thus, it provides a mechanism for the enforcement of foreign arbitral awards in India. In the last few years, several recommendations have been made to reform the A&C Act including by the Law Commission of India. Indeed, the arbitration law has undergone repeated amendments with only one aim — making India the hub of international arbitration.

Source

Latest News Latest Supreme Court

Latest Posts

Card image

Recruitment Process -Last Date To Fulfil Eligibility Criteria Is Last Date To Submit Applications, In The Absence Of Any Specific Rule: Supreme Court

The Supreme Court emphasized that where there is an absence of any specific rule or prescription, the last day for fulfilling eligibility is the last date of submission of the application. The Court made the observation while refusing the benefit ...

Card image

Supreme Court Has Prepared A “Handbook On Combating Gender Stereotypes”

Chief Justice of India DY Chandrachud announced today morning that the Supreme Court has prepared a “Handbook on combating Gender Stereotypes”, in order to identify and remove the use of words and phrases, which are loaded with gender stereotypes, in ...

Card image

Cheque Bounce Case Can Be Quashed U/S 482 Only If Amount Is Patently Non-Recoverable; Whether Debt Time-Barred Or Not Is A Question Of Evidence : SC

The Supreme Court observed that the question whether a cheque was issued towards a time barred debt is to be decided on evidence. “It is only in cases wherein an amount which is out and out non-recoverable, towards which a ...

Card image

Get Online Pass To Enter Supreme Court Premises

The Supreme Court on Thursday launched ‘SuSwagatam’, a new initiative to generate entry passes online to help those who need to visit the court premises for various purposes. Chief Justice of India (CJI) D Y Chandrachud on Thursday announced the ...

Card image

Supreme Court Grants Extension Till September 30 To Delhi Government For Finalisation Of Scheme : Two Wheeler Aggregators

The Supreme Court on Monday directed the Delhi government to finalise the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023 for regulation of two wheeler aggregators by September 30. The Division Bench of Justice Aniruddha Bose and Justice ...

Card image

Dividend Income From Indian Entity's Establishment In Oman Having ‘Permanent Establishment’ Status Under DTAA Not Taxable In India: Supreme Court

The Supreme Court has held that if an Indian Entity’s Establishment is operating in Oman and has a ‘Permanent Establishment’ status under Double Taxation Avoidance Agreement (“DTAA”), then the dividend income received by the Indian Entity from such Establishment would ...

EOS Chambers of Law

Speak With Our
Experts Today!

Get a Appointment
EOS Chambers of Law