Statement of the problem: The proposed study is motivated by the numerous apprehensions being raised from many quarters1 over the amendment of 2015 to the Arbitration and Conciliation Act 1996. Whereas the stated objects of the Amendments are inter-alia building a fair and efficient Arbitration and Conciliation mechanism in the country, yet in view of the stated concerns, it is of vital importance, to probe the outcomes and examine the development associated with the Amendment. Research Questions Although the amendment of 2015 to the Arbitration and Conciliation Act 1996 has been largely aimed at building confidence of investors who had a guarded approach towards Indian shores, when it comes to investments. Soon after the amendments of …show more content…
The Amendment, perhaps being all encompassing step, is also being criticised as another patchy piece of legislation, which lacks fastidiousness on several counts. Some of these are as stated below: A. Section 2(2) Post the SC decision in Bharat Aluminium v. Kaiser Aluminium3, the courts in India had no interventional jurisdiction in arbitrations that are seated outside India. The Amendment inserted section 2(2) which provides for intervention of Indian courts, even if the place of arbitration is outside the Indian territory. This provision applies to international commercial arbitrations seated outside India, but is this defence also available to cases where both the parties are from within India and have chosen to arbitrate in a country other than India. This question is like to increase the intervention of courts. B. Section 9 The amendments in section 9 providing that the arbitral proceedings must be initiated within 90 days from the grant of interim relief or within such period as may be determined by the court. In this context, it was suggested by the LCI, to provide for automatic lapse of such reliefs granted by the courts after the expiry of time granted for commencement of the Arbitral proceeding. The intention of LCI in making this suggestion was to build a sense of apprehension of forgoing the protection granted to the parties through interim reliefs. However, this
Despite this India is still a complicated place for foreign investors. A weak parliamentary government has very little purview over the provincial and local ministers who were elected entirely separate from federal elections. The fragmented nature of the country’s political system has and will continue to prevent major
Since November 2015, after Justice Marks vacated the RSDCs previous decision, the Nationals have attempted to compel MASN to return to arbitration before the RSDC. The Nationals claimed that a footnote in the Justice’ decision meant that MASN needed to submit to arbitration if the Nationals just changed their lawyers. On the other hand, MASN felt that the sides should agree to submit this case before a different arbitral body and thereby avoid the appeals process. Failing this, MASN wanted its appeal to be heard before a second arbitration case would be heard before the RSDC.
The matter was presented to the Administrative Appeals Tribunal (AAT) and AAT has different views on this matter and AAT considered the historical Cases and
Legal Consideration How would business be affected if each state could pass a statute, like the one in Texas, allowing parties to void out-of-state arbitrations? If all states could pass
Kolkey, D. M., Chernick, R., & Neal, B. R. (2012). Practitioners handbook on international arbitration and mediation (3rd ed.). Huntington: JurisNet.
2. The amendments also proposed to explain the link between the settlement of a liability and the outflow of resources from the entity by adding to paragraph 69 of IAS 1 that settlement refers to the ‘transfer to the counterparty of cash, equity instruments, other assets or services’.
Because this case's predominate issue involves the interpretation of the PA and because the parties have agreed to arbitration and the District has moved for arbitration, the Court concludes that arbitration is the proper forum for Plaintiffs' complaint. Thus, the Court remands Plaintiffs case against USD to arbitration as this Court favours arbitration.
In evaluating the legality of an arbitration clause, the court examines the nature of the provision as it relates to both irrevocable statutory rights and private agreements between the employer and employee. To invalidate an arbitration provision on the basis of
It was argued the amending act could not be supported merely by reference to the aliens power under the
Our Constitution is over two centuries old and since the birth of it as early as 1803 the Supreme Court defined its role and power in the case, Marbury v. Madison, 1803, establishing the authority to define what the law is. Thus, if the law is confusing, it is up to the courts to interpret the law through the process of judicial review. There is much controversy as to whether or not judges are following the laws as written or imposing their personal preferences and rewriting law to suit themselves. Ackerman believes “it’s a good thing that formal amendment is so hard; otherwise, the Constitution would become a mess, full of details signifying little,” (Ackerman, 2007 p. 1743). There are opposing viewpoints as to the approach and evolving perspectives in the decisions made by our judges. I will analysis the opposing proponents, originalists and Living Constitutionalists, viewpoints in their interpretation of the Constitution and present their arguments in relation to their perspective on the Constitution. In addition, I will apply their interpretational philosophies in the case Griswold v. Connecticut and ascertain the impact of their philosophies to the outcome of the case.
One of the foundations of arbitration is that awards rendered are final and not subject to appeal before the courts. In this respect, Article 5 of the UNCITRAL Model Law provides for minimal intervention, and says, “In matters governed by this Law, no court shall intervene except where so provided in this Law“. As a result, the grounds upon which a court may set aside an award or refuse to recognize and enforce the same are limited. Article 34 of the Model Law and Article V of the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards provide the restrictive grounds for such relief.
For the selected article, it investigates the first contract arbitration’s ability to foster bargaining relationships and discourages any misconduct by analyzing the effect on decertifications (Weinberg, 2015). It has been suggested how the Employee Free Choice Act (EFCA) sought to amend the National Labor Relations Act (NLRA) by introducing various changes which are a card-check system for union certification, first contract arbitration (FCA), and more severe consequences for violations of the Act (Weinberg, 2015). It has been suggested that by allowing access to arbitration selection first contract situations, in which both parties are unable to reach a settlement, this amendment was created to address the difficulties that newly
An important reason for this popularity is that States have consented in advance to compulsory dispute settlement by the WTO and also, but to a lesser extent, by ICSID arbitration. In the case of the WTO it is the WTO Dispute Settlement Understanding that confers compulsory jurisdiction on the WTO Dispute Settlement System; while in the case of ICSID a large number of States have consented in advance to ICSID jurisdiction over their disputes with investors by means of express provisions in Bilateral Investment Treaties. Moreover, an important additional reason for the widespread use of ICSID as a forum for international dispute settlement is that investors – who are in effect the substantive rights holders under Bilateral Investment Treaties – are often given the right to institute ICSID arbitration directly against the host State.
International commercial arbitration is one of the most important legal institutions in international private law. This conclusion follows from the fact that the nature of arbitration depends largely on autonomy of the parties, who choose arbitration procedure as the procedure in which the dispute will be settled; place where the arbitration is to be held; arbitral tribunal etc. Probably the most important and considerable expression of the autonomy is the right to choose the law, which is to be applied to merits of the dispute. The chosen applicable law guarantees in large measure predictability of the outcome of the case and allows parties to control the scope of interpretation and application of the international commercial
Additionally, Article 69 is an entrenched provision and its importance can therefore be understood. As such, the 4 months specification cannot be repealed unless there is an expressed amendment therein. However, the only amendment was the one postulated to Article 61 and ordinarily, through using legal infection the courts could have remedied the situation. Simply put, since Articles 61 and 69 have an agnate relationship, an amendment of Article 61 should result in an amendment of Article 69. Nevertheless, Article 69 was not expressly amended, so the question remained whether the courts could have impliedly amended or infected said Article, similar to the situation in Ssemogoree v. AG .