Page 4 - Arbitration

Future Retail moves HC seeking relief against SIAC stay order on RIL deal

The Future group firm has contended that Amazon is "misusing" the interim order passed by an emergency arbitrator of the Singapore International Arbitration Centre (SIAC) on October 25, 2020.

Arbitration proceedings: Order on foreign jurisdiction has a caveat

Experts explain how order on foreign jurisdiction will influence India's alternative dispute landscape

Govt issues ordinance to amend arbitration law for stakeholder parties

The government on Wednesday issued an ordinance to amend the arbitration law to ensure that all stakeholder parties get an opportunity to seek an unconditional stay on enforcement of arbitral awards where the arbitration agreement or contract is "induced by fraud or corruption". The ordinance which further amends the Arbitration and Conciliation Act, 1996 also does away with the 8th Schedule of the Act which contained the necessary qualifications for accreditation of arbitrators. This provision had faced criticism from some quarters that the conditions prescribed in the law came in way of India getting the benefit of having foreign arbitrators. "But that was not the case and a wrong impression had got created. Still, to do away with that impression, the concerned schedule has been dropped," a government functionary explained. Now, the qualifications based on which arbitrators will be accredited will be prescribed by regulations, which will be framed by a proposed arbitration ...

Tough legal battle ahead for Future group as it loses arbitration case

Corporate lawyers say Indian courts usually go along with orders given by foreign arbitration courts as witnessed in several cases before

Amazon vs RIL for Future: What's at stake & what's next in the retail war?

According to the sources, Future group has been told not to proceed with its sale of shares to RIL till the outcome of the arbitration process

Amazon asks Sebi, bourses to note arbitration ruling on Future-RIL deal

The sources said that Amazon has shared a copy of the interim judgement with Sebi, BSE and NSE

Verdict on Amazon arbitration plea over Future-RIL deal expected soon

Rajah, former Attorney General of Singapore, is expected to deliver his judgment in the next few days, the sources said

Road developers take conciliation route for claims amid liquidity crunch

Debt resolution, Covid-related liquidity concerns, and a long legal process acting as deterrent are some reasons pushing firms to pursue conciliation

After Voda arbitration, now Cairn expects $1.4 bn in losses from retro tax demand

British oil explorer Cairn Energyon Tuesday said it was seeking from the Indian govt Rs 10,300 cr in losses arising from the expropriation of its investments to enforce a retrospective tax demand.

Vodafone conundrum and India's tax regime

The international court's ruling shows that a law amended by India's parliament has remained only on paper

Centre to contest Vodafone arbitration award, reach out to global funds

The finance ministry is certain that whenever the company approaches an Indian court with a request for the enforcement of the award, it shall be opposed

End Vodafone saga

Pursuing the matter further will affect investment climate

Rs 20,000 cr tax dispute: Vodafone wins arbitration case against India

The Permanent Court of Arbitration in The Hague ruled that conduct of India's Income Tax Department is in breach of 'fair and equitable' treatment

NSE, Singapore bourse to end arbitration case, finalise derivatives tie-up

The launch date for the new NSE IFSC-SGX Connect has not been decided yet

From arbitration to tax refund, here are the key court orders

Though Section 241A of the Income Tax Act allows withholding of refund to an assessee, such action should be based on "justifiable reasons"

From arbitration to tax refund, here are the key court orders

Though Section 241A of the Income Tax Act allows withholding of refund to an assessee, such action should be based on "justifiable reasons"

Arbitration to corruption at deemed universities, here're key court orders

If a party joins arbitration proceedings without raising objections regarding jurisdiction of the court, it cannot raise the issue at a later stage, especially after the pronouncement of the award

From arbitration to bounced cheques, here're the key court orders

SC has reiterated that once the issuance of a cheque and the signature on it have been admitted, there's always a presumption that it was issued to satisfy a legally enforceable debt or liability.

From insurance claim to contract arbitration, here are the key court orders

A weekly selection of key court orders

No automatic stay on enforcement of arbitration award if challenged: SC

Apex court strikes down Section 87 of Arbitration Act; Does not give interim relief to petitioners, HCC, Gammon India