When the parties enter into a commercial contract that has parties from more than one Country, the parties require to decide the laws applicable to the contract and incorporate their choice of law either in the same contract or can enter into a separate agreement with regard to choice of law.
Chinese Government and the courts have consistently making effort to prove that China is a pro-arbitration country. Even though there are apprehensions about the neutrality of the arbitrations in China particularly against the Public Sector Companies of China, those are wrong apprehensions and not supported by any proof.
In Umesh Goyal vs Himachal Pradesh Co-operative Group Housing Society (2016 SCC Online 264), the Supreme Court has adjudicated upon an ambiguous legal issue and settled the law relating to Section 69 of the Indian Partnership Act, which deals with effects of non registration of a partnership firm and the applicability of the bar to maintain proceedings under Arbitration Act.
On the 1st of June 2016, Singapore International Arbitration Centre was to announce its revised Arbitration Rules 2016. Even though SIAC has circulated a brief note about the proposed changes, still has not published the final 2016 Rules.
Limitation Period to Challenge Domestic Arbitration Award Starts from the date of receipt of the award and not from the mere communication Thereof.
On the basis of the law settled by the Courts in India, the statutory arbitration conducted under “The Micro, Small and Medium Enterprises Development Act, 2006” is a full-fledged arbitration and parties have every right, under Arbitration & Conciliation Act,1996.
The Enforcement of a Foreign Arbitration Award in India has become much easier than earlier.
The report authored by Mr. S Ravi Shankar was released by the Law Minister of India Mr.Sadhanandha Gowda and the first copy was received by Mr.Bharadhwaj Fomer Minister of law on 05th April 2016.
Important points parties should keep in mind while deciding on ADR procedure is appropriate for them.
This judgement provided a much needed clarification regarding the prospective application of the Commercial Courts Ordinance with respect to arbitration matters.
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