Proposed Arbitration Law May Be A Misstep For India

By Sarosh Zaiwalla (March 29, 2019, 3:42 PM EDT) -- A proposed new law is threatening to undermine India's ambition to become an important seat of international arbitration. Critics say the proposed law will have the effect of excluding non-Indians from acting as arbitrators, thereby leaving Indian arbitral awards open to challenge internationally.

The former United Kingdom Attorney General Lord Peter Goldsmith QC, has vociferously called on the Indian government to put the proposed new law on hold. Speaking in New Delhi last month, Goldsmith said that the proposals "appear to prohibit foreign lawyers" from acting as arbitrators in India and that the law could "set back the cause of Indian...

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