News & Media 8th Apr 2019
In a significant step towards ameliorating the Indian arbitration landscape, the Arbitration and Conciliation (Amendment) Act, 2015 (“Amendment Act”) was introduced, which had brought about noteworthy changes to the Arbitration and Conciliation Act, 1996.To address the difficulties which arose in the implementation of the Amended Act, and to usher in a prominent role for institutional arbitration in India, a High-Level Committee was constituted. Post the Committee’s report Arbitration & Conciliation (Amendment) Bill (” Bill”), 2018 was introduced and thereafter was passed by the Lok Sabha. Salient points of the Bill have drawn out in this article.
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