Arbitration and Conciliation (Amendment) Bill, 2021

Arbitration and Conciliation (Amendment) Bill, 2021 was passed recently in the lower house of the Indian parliament. It deals with domestic and international arbitration and provides law for conducting conciliation proceedings. It replaces the ordinance with same provisions enforced last year. The Bill seeks amend the 1996 law to enable automatic stay on awards in certain cases and specify arbitrators’ qualification criteria.