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India – Wide-Ranging Reforms Proposed By The Law Commission.

23 December, 2014

 

 

The Law Commission of India has proposed several significant amendments to the Arbitration and Conciliation Act 1996 with the objectives of remedying a number of perceived weaknesses and lacunae in the Act and stimulating growth and development in India as a centre for dispute resolution and arbitration. Its full report is published (here). In summary, the proposed amendments include:

 

  • Encouraging institutional arbitration;
  • Reducing court interference in arbitration;
  • Reducing delays in the appointment of arbitrators;
  • Streamlining the arbitration process;
  • Neutrality of arbitrators;
  • Improving provisions concerning interim relief in arbitration; and
  • Reducing the frequency of setting aside of arbitral awards.

 

herbert smith Freehills

 

For further information, please contact:

 

Nicholas Peacock, Partner, Herbert Smith Freehills

nicholas.peacock@hsf.com

 

Alistair Henderson, Partner, Herbert Smith Freehills

alastair.henderson@hsf.com

 

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