International

India introduces unconditional stay on enforcement of arbitral awards tainted by fraud India Government building

India introduces unconditional stay on enforcement of arbitral awards tainted by fraud

On 4 November 2020, the Government of India passed the Arbitration and Conciliation (Amendment) Ordinance, 2020, amending the Arbitration and Conciliation Act 1996 (‘the Act’) in two key respects. First, the amendment requires Indian courts to stay the enforcement of arbitration awards that appear tainted by fraud or corruption. Second, […]

THE SINGAPORE CONVENTION Nations flags and two diplomats talking

THE SINGAPORE CONVENTION

IMPLICATIONS FOR MEDIATING INTERNATIONAL COMMERCIAL DISPUTES (UPDATE) On 12 September 2020, the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the Singapore Convention (‘Convention’) came into force. The Convention opened for signatures just over a year ago, on 7 August 2019, and very rapidly gained […]

GAFTA and the Grain Trade

GAFTA and the Grain Trade

Limitation and Representation under GAFTA Rules It is estimated that around 80% of all the grains globally are sold under GAFTA standard contracts. GAFTA has a dispute resolution system, which is “crafted and adjusted exclusively” for the international grain trade. Time Limitation under GAFTA Contracts Traders who incorporate GAFTA Arbitration […]

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