Cover of June 2015 issue of LexpertHandout
The imminence of meaningful changes to India's Arbitration and Conciliation Act is giving Canadian and other foreign companies a measure of hope that the labyrinth known as Indian justice may finally becoming manageable.
"We've had a huge volume of inquiries from clients about these changes," says Sherina Petit in Norton Rose Fulbright's London office. "Also, international arbitral institutions like the London Court of International Arbitration and the Singapore International Arbitration Centre have opened offices in India recently."
At press time, passage of the amendments, first approved by cabinet in December, 2014, had been delayed, but observers believe that approval is on the cusp.
Lexpert contributor Julius Melnitzer reports on India's arbitration reform at lexpert.ca/globe
Follow Lexpert on Twitter: @Lexpert