Page 3 - Arbitration

Changes to arbitration act to bring it on par with global practice: Experts

Some want parties to be allowed to contest award at the outset, so that it can also be scrutinsed by first appellate court and the parties can assail it as if it were a trial court decree

Centre panel for arbitration law reforms to have first meeting on June 20

The committee will submit its recommendations to the government within a period of 30 days

Centre forms expert committee to suggest reforms to arbitration law

The Committee is to submit its recommendations to the government within a period of 30 days

Option for arbitration in agreement not binding on parties: HC observation

Court ruling relates to dispute between two parties over non-payment of invoices for operation and maintenance

Go First backs emergency arbitration in dispute with Pratt & Whitney

(Reuters) - India's Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business.

Delhi HC dismisses Centre's plea accusing RIL of 'unjust enrichment'

Judge Anup Jairam Bhambhani today upheld the decision and said that the case calls for 'no interference'

Unstamped arbitration agreements invalid in law, says Supreme Court

Legal experts said that this judgment will give some clarity and predictability

Samsung's unionised workers to bring wage dispute to govt arbitration panel

The unionized workers, which accounted for around 7.4 per cent of the total 121,000 workers, have engaged in wage negotiations with the management since late December

Arbitration off track

Delhi Metro shareholders should step up

International arbitration in India: One step forward with new rules

The Bar Council's latest rules go a long way but there are some major hurdles to India's evolution as a global arbitral centre

India needs legal system, structure to support arbitration: John Quinn

Chairman of one world's largest law firms for business arbitration says 'enormous demand' for setting commercial disputes outside courts

Arbitrage funds back in favour as market volatility boosts returns

Interest in low-risk equity products of mutual fund schemes see interest after extended period of outflows

Bar Council permits foreign law firms to practice in select fields in India

BCI said that the entry of foreign firms will be restricted, well-controlled and regulated to ensure that it is mutually beneficial to Indian as well as foreign lawyers

AI can help arbitrators in document review, analysis, research: Rijiju

Law Minister Kiren Rijiju on Sunday batted for institutional arbitration in the country and pointed at loopholes in "ad hoc" arbitration, saying such proceedings are susceptible to court interventions which delay the final outcome. He also said artificial intelligence (AI) can help arbitrators in tasks such as document review and analysis, legal research, and drafting of awards. Addressing a Delhi Arbitration Weekend event at the Delhi High Court, he said majority of the people go for "ad hoc" arbitrations where the proceedings are not governed by pre-determined rules. As a result, these proceedings are susceptible to court intervention at various stages which leads to delay in final decision for the parties involved. On the other hand, Rijiju pointed out, institutional arbitrations are regulated by the rules of an institution that provide for a more structured and secure process. In addition, parties can benefit from the expertise of the arbitral institution having good quality ..

Vivad se Vishwas-II scheme looks to settle financial disputes only

Centre notifies the scheme; disputes with states govts, another pvt firm not covered

Govt to come out with discussion paper on contractual disputes: Somanathan

In a bid to free up thousands of crores of rupees locked up in litigation and arbitration, the government will come out with a discussion paper on a scheme detailing the percentage of amount which could be paid for expeditious resolution of contractual disputes, Finance Secretary T V Somanathan said. To begin with, the Department of Expenditure under the finance ministry will seek stakeholder suggestions on the quantum of percentage that could be offered for settling contractual disputes, besides other terms and conditions. The scheme would cover disputes relating to government contracts which are currently under arbitration or litigation. Under the scheme, which would be voluntary, contractors can come forward for resolution of disputes by accepting a specified percentage of the contract value. The percentage would be notified separately and will be 'reasonable and fair' so that many people take it, Somanathan told PTI. "...if they're willing to accept that percentage, it (dispute

BharatPe files arbitration to claw back Ashneer Grover's 1.4% shares

Upping the ante, fintech unicorn BharatPe has filed an arbitration for clawing back it's former MD and co-founder Ashneer Grover's restricted shareholding and founder title, sources said. The arbitration was filed on Thursday under Singapore International Arbitration Centre (SIAC) rules, sources with direct knowledge of the matter said. If relief is granted, Grover may lose his unvested shares and right to use the founder title. Grover, who BharatPe has accused of cheating and embezzlement of funds, holds about 8.5 per cent of the company. Of this, 1.4 per cent is not vested. The company did not immediately offer any comment. The action follows a detailed corporate governance review by the company's board into allegations of lapses and misdoings during the tenure of Grover as managing director. The arbitration proceedings were initiated after Grover refused to comply with the shareholders' agreement, sources said without elaborating. This is BharatPe's third legal action against

Work on Adani Vizhinjam port will resume within a week: Jayakumar

he arbitration process is already on for not just extension demand, but also force majeure claims by Adani taking into account cyclones like Ockhi, Covid and floods

Delhi HC rejects Future Group's plea to terminate arbitration before SIAC

On November 17, the Supreme Court had said that it would not allow stalling of arbitrary proceedings between Future Group and Amazon before the SIAC

Dollar-rupee forward premia lowest since 2011 as US-India rate gap shrinks

Indian currency's recovery since US CPI leads to reversal of onshore-offshore arbitrage