May 15, 2019 Articles

Proposed Amendments to the Arbitration Regime in India

The Arbitration and Conciliation (Amendment) Bill, 2018 seeks to align itself with widely recognized arbitration practices and carve out a foothold for institutional arbitration.

By Naresh Thacker and Ria Dalwani

The elevation of arbitration as the preferred mode of dispute resolution in emerging markets, including India, has been aided significantly by the development of arbitration jurisprudence and the reinforcing role played by arbitral institutions. To promote arbitration in India, a committee constituted under the chairmanship of Honorable Justice B.N. Srikrishna published its findings in a report dated July 30, 2017. 

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