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The Regulations notified on September 1 have outlined the finer details on how arbitral proceedings can be initiated with the IIAC’s involvement, how arbitrators would be appointed, and how matters would be decided.
Though a laudable legislative attempt to facilitate speedy resolution of disputes, sub-section (1) of Section 29-B contemplates only two stages during which parties to the arbitration can opt for a fast track procedure.
While we may have passed through the worst of the global pandemic, it has unquestionably left a deep and lasting impact on our personal and professional lives. Restrictions that left...
The cost of air travel has increased markedly in 2022. Demand issues, inflation, and high fuel costs have driven up per-person airfares. According to 2022 Global Business Travel Association report international business travel spending is down by 50% from pre-pandemic levels.