For many, 2020 will be the worst year in recent history. A global pandemic, Australian bushfires and the death of basketball legend Kobe Bryant are but few examples of the terrible events that shocked the world in the last 12 months. Many are quietly looking forward to 2021, with the Covid-19 vaccine promising a glimmer of normality. There are a few individuals (and companies) who would gladly delay the departure of this wicked year. The list comprises of the once-esteemed – world leaders, socialites with murky secrets and company CEOs. For them, 2021 holds their fate. Bloomberg has compiled a list of the most high-profile cases coming to a courtroom in the year ahead. – Jarryd Neves
Tata vs Mistry, Ambani vs Bezos among biggest trials in the world coming to courts in 2021
With vaccines heralding a return to normalcy, next year should see courtrooms around the world coming back to life and some very important cases being heard.
Anthony Lin 17 December, 2020 12:18 pm IST
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Washington: Several former world leaders, a Hong Kong media tycoon, the CEO of Theranos and Jeffrey Epstein’s confidante all are scheduled to have their day in court next year.
With vaccinations heralding a return to normalcy, the next year should see courtrooms around the world coming back to life. Ghislaine Maxwell, China critic Jimmy Lai and Samsung heir Jay Y. Lee are among those facing high-profile criminal cases in 2021. Some proceedings, including the fraud trial of Theranos founder Elizabeth Holmes, are resuming after being postponed by the pandemic. Another delayed case, UBS’s appeal of its $4.9 billion French government tax penalty, is among
Two important arbitral jurisdictions in Asia have recently amended their arbitration laws. On November 4, 2020, the President of India passed an ordinance amending the Arbitration and Conciliation Act (the Indian Act), which entered into force with immediate effect. On December 1, 2020, amendments to the International Arbitration Act (the Singapore Act) entered into force. This alert summarizes these amendments.
I. Amendments to the Indian Arbitration and Conciliation Act
As one of the largest economies in Asia, the number of international arbitrations involving Indian parties and/or contractual performance in India is, unsurprisingly, large. India-related disputes are today a common and recurring feature of the case loads of multiple leading arbitral institutions. Indian parties are, for instance, some of the most frequent users of the SIAC, ICC and LCIA rules.
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Two important arbitral jurisdictions in Asia have recently amended their arbitration laws. On November 4, 2020, the President of India passed an ordinance amending the Arbitration and Conciliation Act (the Indian Act), which entered into force with immediate effect. On December 1, 2020, amendments to the International Arbitration Act (the Singapore Act) entered into force. This alert summarizes these amendments.
I. Amendments to the Indian Arbitration and Conciliation Act
As one of the largest economies in Asia, the number of international arbitrations involving Indian parties and/or contractual performance in India is, unsurprisingly, large. India-related disputes are today a common and recurring feature of the case loads of multiple leading arbitral institutions. Indian parties are, for instance, some of the most frequent users of the SIAC, ICC and LCIA rules.
To emerge as trusted destination for investments, India needs to ensure predictable policy regime
In most commercial contracts, dispute redressal is by arbitration and big ticket deals provide for institutional arbitration. December 14, 2020 9:28:26 pm
India too wants to be a “hub” for international arbitration.
Written by Gopal Jain
There is a clear mission and resolve on the part of the government to nurture a “Naya India” and emerge as a “hub” and “safe haven” for investments. Investments, after all, flow to destinations that are trusted. So what does it take to become a trusted destination? A trusted destination is characterised by ease of doing business, a robust and predictable policy regime and respecting/adhering to sanctity of contracts, that is, keeping the commercial deal and bargain intact. All this and more requires an effective mechanism to address any disputes that come with doing business.