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Singapore International Arbitration Centre (SIAC) announced the registering of 1,080 new cases in 2020 which is 125% more than the year 2019. This tremendous growth is attributed to Singapore’s connectivity with the biggest economies of the world. By utilizing its geographical advantage and its continuous efforts to be on par with the legal practice of […]
The Supreme Court of India, while disposing of an appeal filed in the matter of PASL Wind Solutions Private Limited Vs GE Power Conversion India Private Limited (2021) SCC Online SC 331 reconfirmed that arbitration proceeding between two Indian parties can be validly conducted in a foreign seat. This decision further augments the concept of […]
Singapore International Arbitration Centre (SIAC) entered a Memorandum of Understanding (MoU) with the ADGM Arbitration Center (ADGMAC) on April 8, 2021, to promote international arbitration for resolving international disputes. SIAC and ADGMAC will join hands to host conferences, workshops, and seminars on International Arbitration in UAE and Singapore. They will mutually help when arbitration hearings […]
ICC and Jus Mundi The partnership will give the public access to ICC Court awards that are publishable and related documents from January 2019. This will increase the transparency and strengthen the legitimacy of the awards. Jus Mundi, an international law and arbitration research engine, thinks that information about international law and arbitration must be […]
Update, October 2026: This post reports India’s plan, in March 2021, to challenge the Cairn award; the dispute ended after Parliament passed the Taxation Laws (Amendment) Act 2021, when Cairn agreed to withdraw its arbitration and enforcement actions and India refunded INR 7,900 crore in 2022. For the current position on investment-treaty protection in India, […]
ICC Arbitration Rule 2021 applies to all ICC arbitration proceedings happening after the 1st of January 2021, regardless of the agreement end date. The exception is only when the parties at the time of submission agrees to go with the existing agreement. The 2021 Rules aim at greater efficiency, flexibility and transparency of the proceedings […]
Update, October 2026: This post reports the award of December 2020. After Parliament passed the Taxation Laws (Amendment) Act 2021, Cairn agreed to withdraw its arbitration and enforcement actions and India refunded INR 7,900 crore to Cairn in 2022; for the current position on investment-treaty protection in India, see India bilateral investment treaty protection: how […]
The Arbitration and Conciliation (Amendment) Ordinance, 2020 was promulgated with the purpose of preventing the enforcement of arbitral awards involving fraud or corruption. The stakeholder parties now have an opportunity to seek an unconditional stay of enforcement of arbitral awards when the arbitration agreement or award was induced by fraud or corruption. The provision has […]
Arbitration is a legally binding private dispute resolution mechanism outside of courts. In arbitration, disputes are resolved by one or more arbitrators appointed by the parties through agreement. Arbitrator is bound to issue a final binding decision after reviewing evidence and hearing arguments of the parties, much like a court process. Arbitration awards are final, […]