Insights
February 27, 2015
PROPOSED AMENDMENT TO INDIA’S ARBITRATION LAW: WILL IT HAVE THE DESIRED EFFECT?
Introduction The Arbitration and Conciliation Act, 1996 (the “Act”), was enacted by the Parliament of India to consolidate and amend the law relating to domestic arbitration and enforcement of foreign awards. One of the main objectives of the Act was to minimise the supervisory role of courts in the arbitration process. However, in our view,…
February 18, 2015
RECENT CHANGES TO INDIA’S FOREIGN EXCHANGE REGULATIONS
This update discusses certain key changes to India’s foreign exchange regulations implemented in the past few weeks Liberalization of the limit under the Liberalized Remittance Scheme (“LRS”) In the bi-monthly monetary policy statement released on February 3, 2015, the Reserve Bank of India (the “RBI”) has increased the limit on remittance of foreign exchange for…