Jones Day (JD Supra India)
Proposed Amendments to India's Arbitration Act
The Government of India has announced possible amendments to the Indian Arbitration and Conciliation Act 1996 ("Act"). On 7 March 2018, the Cabinet of Ministers approved the Arbitration and Conciliation (Amendment) Bill 2018 ("Bill"). The Bill seeks to clarify the application of previous amendments made to the Act in 2015 (contained in the Arbitration and Conciliation (Amendment) Act 2015 ("2015...
India Launches Bid Process for Largest Auction of Oil and Gas Blocks
The Situation: Under a new licensing policy, India is set to begin an auction for exploration and development of 55 oil and gas blocks. The Action: Bidders are invited to bid for the identified blocks spread over a 59,282 sq. km area by April 3, 2018.