India, Feb. 16 -- Over the past five years, India has significantly transformed its legal arbitration landscape to improve efficiency, transparency, and inclusivity. These changes demonstrate India's commitment to developing a strong arbitration framework that aligns with international standards and meets the evolving needs of both domestic and global stakeholders.
The 2015 Amendment Act marked a pivotal change by establishing mandatory timeframes for arbitration proceedings, reducing judicial intervention, and enhancing the enforcement of arbitral awards. The 2019 amendments created the Arbitration Council of India, a regulatory body responsible for maintaining a panel of qualified arbitrators and promoting ethical standards in arbitrat...
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