Angola, an African country known for its Oil reserves joined New York Convention on Recognition and Enforcement of Foreign Arbitration awards on 6th April 2017. New York Convention has convention has brought 157 countries together agreeing to enforce foreign Arbitration awards passed in other seats of the member countries, of course subject to some conditions.
In a recent Judgment Supreme Court of India, reported in SCC as (2016) 3 Supreme Court Cases 619 Shailesh Dhairyawan Vs Mohan Balkrishna Lulla, dealt with the important issue of resignation or refusal of a named arbitrator and consequential appointment of another arbitrator replacing the named arbitrator.
In a recent judgment L Capital Jones Ltd Vs Maniach Pte Ltd, dated 09th January 2017, Singapore Court of Appeal dealt with the question of arbitrability of minority oppression claims with particular reference to whether there is a public policy exception to the General Rule stated in its earlier judgment of Tomolugen Holdings Ltd Vs Silica Investors Ltd and other appeals (2016)1SLR37, that minority oppression claims are generally arbitrable.
As announced in the budget of 2017 by Mr Arun Jaitley the Finance Minister of India, Government of India is planning to encourage more foreign investment by simplifying the procedures and relaxing the limits in various sectors in the year starting from 1st April.
Punjab and Haryana High Court has proposed an international arbitration center in Gurugram, the satellite city of New Delhi and has requested the Government of India to do the needful.
Law Senate law firm organised a workshop on “Effective handling of Disputes between Indian & Chinese parties through International Arbitration” on 19th July 2016 in Hotel Radisson, Nanjing Road, Shanghai.
There is a news that Government of India is planning to start an Arbitration hub seated in Delhi.
Delay in the final conclusion of the arbitration proceedings.
Supreme Court has issued clear directions regarding the appointment of an arbitrator as per the Ordinance.
The Delhi High Court in the recent judgement has read down the provisions of Section 10(1) & (2) of the Commercial Courts Ordinance.
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