New Arbitration Guidelines Can Help Infrastructure Companies Reduce Debt

Jurisprudencia India2016 | Septiembre 7
The government’s approval of new arbitration guidelines will help in speedy resolution of claims pending in arbitration for years and provide much-needed liquidity for the infrastructure sector, companies say.

Under the new norms, the government will release 75 percent of the arbitration award against margin free bank guarantee in situations where the award has been given but has been contested by concerned authorities. Also, all arbitration cases will be resolved within one year.

Origen: New Arbitration Guidelines Can Help Infrastructure Companies Reduce Debt – Bloomberg Quint

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Un pensamiento en “New Arbitration Guidelines Can Help Infrastructure Companies Reduce Debt

  1. This is rather interesting, as it appears that in India a court challenge to an arbitration award stays its execution. That happened in Spain in the 80’s and 90’ and was amended in to 00’s to provide that no challenge would stay the process of executing the terms and condition of an arbitration award.

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