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The Arbitration and Conciliation (Amendment) Act, 2021

May 11, 2021

Indian arbitration is governed and regulated by the provisions of the Arbitration and Conciliation Act 1996 ("Arbitration Act").

Arbitration Act till now has been amended twice i.e. in the year of 2015 and 2019.

On March 10, 2021, the Arbitration and Conciliation (Amendment) Act, 2021 ("Amendment Act") gained Parliamentary assent and is deemed to have come into force on November 04, 2020.

The Amendment Act has aimed to address the issue relating to corrupt practices in arbitral awards and ultimately securing contracts by such corrupt practice.

It is relevant to note that on March 10, 2021, the Arbitration and Conciliation (Amendment) Act, 2021 ("Amendment Act") gained Parliamentary assent and is deemed to have come into force on November 04, 2020, thereby replacing the Arbitration and Conciliation (Amendment) Ordinance, 2020 promulgated by the President of India on November 04, 2020. The Amendment Act has aimed to address the issue relating to corrupt practices in arbitral awards and ultimately securing contracts by such corrupt practice.

Download E-book  :- The Arbitration and Conciliation (Amendment) Act, 2021

Last updated: 11/05/2021

MBG Corporate Services

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