In modern days, the business world has been crescively reluctant to litigate in courts of law for any disagreement arising from international commercial transactions. Introduction of Arbitration and Conciliation (Amendment) Act, 2021 has made it easier to regulate international commercial arbitration and enforcement of foreign awards in India.
Posted on April 1, 2022, 7:04 p.m.Read More →
Arbitration as a means of dispute resolution mechanism has gained importance internationally due to the increasing trend of cross-border trade. The enforcement of foreign arbitral awards in India is based on the principle of furthering India’s pro foreign investment climate. To achieve this goal, the laws relating to the enforcement of arbitral awards have regularly been amended to incorporate simplified and quick enforcement procedures. This article provides an overview into the various aspects of enforcing a foreign award in India.
Posted on March 3, 2021, 8:37 a.m.Read More →