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.

For further information, please contact:

Nicholas Peacock, Partner, Herbert Smith Freehills

[email protected]

Alistair Henderson, Partner, Herbert Smith Freehills

[email protected]

Dispute Resolution Law Firms in India