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Arbitration News

Foreign lawyers case

13 Mar 2018

Foreign lawyers, firms cannot practice or open offices in India: Supreme Court

They can only advice Indian clients on a 'fly-in-fly-out' basis, the apex court held.

16 Nov 2016

RIL slaps arbitration notice on govt over $1.55 bn demand: Minister

Reliance Industries has slapped an arbitration notice on the government over a demand USD 1.55 billion demand made on it for "unfairly enriching" by producing natural gas belonging to ONGC, Oil Minister Dharmendra Pradhan said today.

15 Nov 2016

RIL serves arbitration notice to government on ONGC gas dispute

Reliance Industries Ltd (RIL) has served a notice to the government for arbitration after the Petroleum Ministry asked it to pay $1.55 billion for allegedly producing gas from a well in the eastern offshore KG Basin connected to a field of state-run Oil and Natural Gas Corp. Ltd (ONGC).

08 Oct 2016

DoCoMo moves US court, Tata Sons to resist

In a dispute between NTT DoCoMo and Tata Sons over the enforcement of a US $1.17 billion award by the London Court of International Arbitration (LCIA), the Japanese firm has moved a US court.

Reliance Indsutries

01 Sep 2016

Reliance Industries not to withdraw arbitration against govt: Mukesh Ambani

Reliance Industries Chairman Mukesh Ambani Thursday said the company will not withdraw an arbitration it has initiated against the government for disallowing recovery of certain KG-D6 gas field costs - a punishment for gas output targets not being met.

BRICS conference

24 Aug 2016

Finance Minister Arun Jaitley to inaugurate BRICS meet on arbitration

Finance Minister Arun Jaitley will inaugurate BRICS conference here on arbitration on August 27 which will deliberate on ideas and insights regarding dispute resolution mechanism among the 5 emerging nations that form the group.

‪‪South China Sea‬

13 Jul 2016

South China Sea ruling will `intensify conflict,` says envoy

China`s ambassador to the United States blamed Washington`s pivot to Asia under President Barack Obama for increased tensions.

13 Mar 2016

BP signals willingness to take back arbitration

After the oil ministry's tough talk, BP of the UK has signalled its desire to end arbitration seeking higher prices for natural gas from eastern offshore KG-D6 block that it co-owns with Reliance Industries.

13 Oct 2015

Arbitration not best way to settle tax disputes: CBDT chief

Arbitration is not the best way to resolve tax disputes, CBDT Chairperson Anita Kapur said , stressing that the Indian legal system is fair enough to deal with taxation issues.

26 Sep 2015

India should aspire to be hub of neutral arbitration: SC Judge

India should aspire to become a hub of neutral arbitration, a Supreme Court judge on Saturday said while claiming that most people in the country have immense faith in this alternative form of dispute resolution.

24 Sep 2015

RIL arbitration case: Will follow court order, says Oil Ministry

Days after the Supreme Court dismissed its plea seeking removal of a foreign arbitrator appointed by Reliance Industries, the Petroleum Ministry Thursday said it will follow the court order in the dispute over Panna-Mukta and Tapti oil and gas fields.

05 Aug 2015

Cabinet clears amendments to Arbitration Act

Seeking to ensure faster settlement of commercial disputes, Cabinet Wednesday cleared a proposal to amend the Arbitration Act which sets a fixed timeline for arbitrators to resolve cases.

05 Jan 2015

NTT Docomo drags Tata Sons to arbitration over stake sale

Japanese telecom giant NTT Docomo has dragged Tatas to an arbitration court, alleging that the Indian firm failed to honour commitment to buy its Rs 7,250 crore stake in their joint venture Tata Teleservices Ltd.

30 Dec 2014

Govt amends law on arbitration to attract investment

Amid its keenness to attract the maximum foreign investment, the government has sent out a signal to international business community by amending the Arbitration Act to make it mandatory for a judge presiding over commercial disputes to settle cases within nine months.

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