In India, litigation can last 15 to 20 years before a case is settled. Foreign investors who turn to international arbitration to resolve disputes often fare no better, as Indian courts have a long history of overturning arbitral awards won in overseas jurisdictions. It’s enough to keep investors out of India for good.
But two bills slated to be introduced in the current session of India’s Parliament seek to change all that. The first will allow for the creation of new commercial courts to clear up the bottleneck of litigation, while the second aims to close the loopholes that courts use to overturn those arbitral awards.
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