Emergency arbitration has been in the spotlight in India recently through Indian low-cost airline Go Airline which is trying to enforce an emergency arbitration award against US engine manufacturer Pratt & Whitney. However, it seems that winning the award is not the end of the battle – the key challenge is enforcing it.

Smaller corporations often find the 270-day time frame required for a typical insolvency resolution process to be too long. The Bankruptcy Law Reform Committee determined that “there is merit in creating explicit provisions” for cases where the insolvency could be finished sooner.

Go First Airlines Go First Airlines files for insolvency: On May 4, 2023, the NCLT Delhi reserves order on a request for an interim moratorium. On May 2, 2023, Nusli Wadia promoter of Go Air …

Latest developments in insolvency and bankruptcy in India Read more »

“Women and IP: Accelerating innovation and creativity” is the theme of this year’s World Intellectual Property Day, which is being held on April 26. It is a timely reminder of the importance of promoting diversity in IP and among entrepreneurs and business leaders. As the World Intellectual Property Organization (WIPO) states, women everywhere are driving scientific breakthroughs, setting new creative trends and building businesses, but: “Too few women are participating in the intellectual property system. That means too few women are benefitting from IP.”

Although the Indian Supreme Court has tackled some of the conflicts around the validity of arbitration clauses for micro, small and medium-sized enterprises, clarity is still required on how such clauses should apply

The Asian Business Law Institute recently released Model Clauses for Contracting in Asia under its Contract Laws in Asia project. Aarna Law is delighted to have contributed to the Model Clauses, offering expertise from the perspective of Indian law and practice.

The Hon’ble Karnataka High Court pronounced a judgement which allowed parties foreign to Indian jurisdiction to enforce international commercial arbitration awards passed in countries that are a signatory to the NY Convention and that are reciprocating territories with India.

The benefits of allowing foreign lawyers and law firms to open offices and practise foreign law in India far outweigh any concerns around such a development, says Shreyas Jayasimha, co-founder of Aarna Law.