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ARTICLE · 08 MAY 2025

Key Insights Into The Draft Arbitration And Conciliation (Amendment) Bill, 2024

India has significantly advanced its approach to arbitration, aiming to establish itself as a global hub for dispute resolution. With increasing support from Indian courts for the finality of arbitral awards and enforcement of foreign awards, alongside institutions like the Mumbai Centre for International Arbitration (MCIA), the country is poised to become a preferred destination for arbitration.

IndiaLitigation, Mediation & Arbitration

India has significantly advanced its approach to arbitration, aiming to establish itself as a global hub for dispute resolution. With increasing support from Indian courts for the finality of arbitral awards and enforcement of foreign awards, alongside institutions like the Mumbai Centre for International Arbitration (MCIA), the country is poised to become a preferred destination for arbitration. On 3rd November 2024, the Indian government concluded a public consultation process on the draft Arbitration and Conciliation (Amendment) Bill, 2024, which aims to address persistent challenges and refine India's arbitration framework. Let us explore the key provisions of the draft Bill and their potential impact on India's arbitration landscape.

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