"I realise that some of my criticisms may be mistaken; but to refuse to criticize judgements for fear of being mistaken is to abandon criticism altogether... If any of my criticisms are found to be correct, the cause is served; and if any are found to be incorrect the very process of finding out my mistakes must lead to the discovery of the right reasons, or better reasons than I have been able to give, and the cause is served just as well." -Mr. HM Seervai, Preface to the 1st ed., Constitutional Law of India.

Thursday, August 7, 2014

Law Commission's Report on Arbitration (Updated)

The Law Commission of India, under the Chairmanship of AP Shah, J. has submitted a report on amending the Arbitration and Conciliation Act, 1996 to the Law Minister. The Report also contains a Draft Amending Bill. The Report recommends amendments relating to institutional arbitration, framing of model fee schedule, empowerment of High Courts to frame rules for arbitrator fee in domestic arbitration, prohibition of appointment by PSUs of their own employees as arbitrator, statutory enforcement of interim measures ordered by the tribunal, imposition of costs in frivolous arbitration cases, different schemes for setting aside award in domestic and international commercial arbitration.

The report can be accessed from this link.


2 comments:

KM said...

http://lawcommissionofindia.nic.in/reports/Report246.pdf

KM said...

http://lawcommissionofindia.nic.in/reports/Report246.pdf