Former Chief Justice of India Dr DY Chandrachud has been appointed as the Appointing Authority in the arbitration between Wintershall Dea and Russia under the Energy Charter Treaty. His role includes addressing challenges against arbitrators and appointing a third arbitrator, ensuring credibility in resolving this complex international dispute over asset confiscation.
Speaking at the LCIA International Arbitration Symposium in London, CJI B R Gavai said India’s role in global arbitration has evolved remarkably. “India has moved from ‘interventionist uncle’ to ‘supportive elder cousin’ in the global arbitration family,” he said, highlighting judicial maturity and restraint.
NEW DELHI: The Union Law Ministry has revealed that the Central government has provided financial support of Rs.7.5 crore over the past three years to the India International Arbitration Centre (IIAC). This funding aims to promote and strengthen institutional arbitration in India. This information was shared by Minister of State for Law and Justice Arjun Ram Meghwal in response to questions raised in the Rajya Sabha by Aam Aadmi Party (AAP) MP Sanjeev Arora.
The Central Bureau of Investigation (CBI) filed the case on May 15, 2017, accusing Karti Chidambaram of irregularities in a 2007 Foreign Investment Promotion Board clearance that facilitated Rs 305 crore in overseas funding for INX Media. His father, P. Chidambaram, who was the Union Finance Minister at the time, is also named as an […]
