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The India International Arbitration Centre is an autonomous [1] institution based in Delhi, to conduct arbitration, mediation, and conciliation proceedings. [2] It was established in 2019 and declared as an Institute of National Importance by an Act of Parliament.
The Cairn Energy and Government of India dispute is mainly an ongoing tax and investment dispute which has its origins in 2005–2006. [1] [2] The case is closely linked to Cairn's partner in India, Vedanta, and to concepts such Ex post facto law in the form of retrospective taxation, bilateral investment treaties, and international arbitration between private and sovereign states.
The Government of National Capital Territory of Delhi (Amendment) Act, 2023 also commonly known as Delhi Services Act, [1] is a bill that extends the Central Government's control of services and gives powers to the Lieutenant Governor of Delhi over the capital city's elected Government. [2] [3]
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. [1] The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
FICCI Arbitration and Conciliation Tribunal (FACT) provides arbitration services for settling commercial disputes. FACT was established in 1952 [11] and aims at settling business disputes outside the traditional framework offered by courts of law through arbitration and conciliation, as the case may be. [12]
The Mauritius Convention will render the UNCITRAL Rules on Transparency in Treaty-based Investor State Arbitration also applicable to disputes arising out of investment treaties that were concluded prior to 1 April 2014 if both parties to the investment treaty are also party to the Mauritius Convention. [58]
The Government of National Capital Territory of Delhi (Amendment) Act, 2021 (or the GNCTD Amendment Act) [1] was enacted by the Government of India on 28 March 2021. [2] It amends the Government of National Capital Territory of Delhi Act, 1991 to give primacy to the centrally appointed Lieutenant Governor of Delhi and make the elected Government of Delhi subsidiary.
International arbitration is an alternative to local court procedures. International arbitration has different rules than domestic arbitration, [6] and has its own non-country-specific standards of ethical conduct. [7] The process may be more limited than typical litigation and forms a hybrid between the common law and civil law legal systems. [8]