The government has issued an ordinance amending the Arbitration and Conciliation Act, 1996. A key change scraps the Act’s 8th Schedule, which previously laid out qualification requirements for accrediting arbitrators. The move shifts how arbitrator accreditation and compliance will be handled going forward, reshaping the legal framework that governs arbitration appointments and standards.
RICS has introduced a Dispute Resolution Service in India, aiming to make arbitration and other ADR pathways more accessible for resolving disagreements. The initiative comes through a collaboration with Indian Link Legal India Law Services. With ADR gaining ground as a quicker alternative to traditional litigation, RICS is positioning the new service to support efficient dispute settlement.
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A US federal judge has rejected Binance’s bid to force crypto loss claims into arbitration. The court said customers can sue in regular court over alleged unregistered token sales, citing Binance’s failure to clearly notify users about terms changes that imposed arbitration and waived class-action rights. The ruling revives claims tied to seven tokens.
India’s Arbitration and Conciliation Act, 1996, was built around the UNCITRAL model to modernize arbitration and align with global best practices. The push now is to strengthen the alternative dispute resolution process so cases resolve more smoothly, attract international parties, and help India compete as a world hub for arbitration.
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