IAB Annual Review: India’s Key Judicial Developments on Arbitration Law in 2018

2018 was a rather interesting year for India’s evolving arbitration landscape. Among other things, last year witnessed several clarificatory decisions on arbitration that were much needed for much long. While Parliament was preparing to enact yet another amendment to the Arbitration and Conciliation Act, 1996 (Arbitration Act), Indian courts continued to interpret and flesh out…

ILS Law College and PACT to hold 2-day Workshop on Commercial Arbitration, Mediation and Negotiation Skills (8-9 Jan 2019)

ILS Centre for Arbitration (ILSCA), in association with Peacekeeping and Conflict Resolution Team (PACT), is organizing a two day workshop on “ADR Methods with exclusive Focus on Commercial Arbitration, Mediation and Negotiation skills” on 8 and 9 January 2019 at ILS Law College, Pune. This workshop will provide participants with core arbitration, mediation and negotiation…

Supreme Court’s Modification of Dual Interest Rate in India-seated ICA Award: An Unwarranted Interference?

Disputes arose between Vedanta and Shenzen Shedong under four EPC contracts; each providing for arbitration seated in Mumbai governed by Indian law. While Shenzen sought damages in US Dollars, Euros and Indian Rupees, the tribunal allowed only the latter two. The tribunal also awarded a 9% uniform interest on the decretal amount, calculated from the…

How to Enforce a Singapore based Arbitral Award in India? – Part II

The first part of this post covered the entry of a Singapore award (the Award) in India along with particulars of the recognition, fora and modes of its enforcement. This part covers the sequel and spin-offs; including grounds for challenge, expenses, and issues arising while seeking enforcement of emergency awards in India. Facing the Challenge…

How to Enforce a Singapore based Arbitral Award in India? – Part I

Singapore has long served as one of the most attractive arbitral seats in the world. The Singapore International Arbitration Centre (SIAC) and the Singapore Maritime Chambers of Arbitration (SCMA) are among the prominent global arbitral institutions housed in Singapore. Both SIAC and SCMA have their own set of arbitration rules, which are complemented by the…