The enactment of the Commercial Courts Act is a step in the right direction in enabling speedy disposal of commercial disputes of specified value
Determined to bring about a positive change in the international perception about the Indian justice delivery system by creating an environment for swift disposal of commercial disputes1, the Indian Government has enacted the Commercial Courts, Commercial Division and Commercial Appellate Division of the High Courts Act, 2015 (the “Commercial Courts Act”). As per the Commercial Courts Act, to resolve commercial disputes wherein the specified value of the subject matter is not less than one crore rupees2, the State Governments will establish Commercial Courts3 at the district level and the Chief Justices of the High Courts will establish the Commercial Division4 and the Commercial Appellate Division5 in their respective High Courts. Pursuant to the Commercial Courts Act coming into force, various State Governments and the Chief Justices of the High Courts have established the required legal framework for the adjudication of commercial disputes. Recently, on November 29, 2017, the Chief Justice of the Madras High Court issued a notification constituting the Commercial Division and the Commercial Appellate Division comprising two Division Benches, one in Madras and the other in Madurai.
Post constitution of Commercial Court, Commercial Division, and Commercial Appellate Division
هذه القصة مأخوذة من طبعة February 2018 من Legal Era.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2018 من Legal Era.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
If You Think Positive Covid Is A Big Opportunity
Senior Vice President and Head of Legal, ESSAR CAPITAL, Badrinath Durvasula, holds forth on his professional journey, the essence of leadership, working from home, books and more…
PROJECT DEVELOPMENT
JOINT VENTURE TRANSACTIONS
NEW ARBITRATION RULES
PUBLISHED BY THE LONDON COURT OF INTERNATIONAL ARBITRATION (LCIA) AND INTERNATIONAL CHAMBER OF COMMERCE (ICC)
M&A in the time of COVID and beyond
What is clear for those engaging in cross-border M&A is that countries around the world are becoming increasingly protective of their economies and industries, with new rules being introduced and existing rules being more widely applied
SWITZERLAND A DIFFERENTIATED APPROACH TO FRAUD
Swiss law interprets the offense of fraud in a special way where in addition to the characteristics of deception and damage as known in many jurisdictions, a qualified lie, i.e. a malicious approach, is required
JOINT VENTURE DISPUTES MEDIATING
Mediation has shown itself to be a powerful tool for bringing a speedy and effective end to crossborder disputes while preserving the commercial relationship between them.
Recognition of HONG KONG INSOLVENCY PROCEEDINGS IN MAINLAND CHINA
A TEST CASE IN THE MAKING?
CONFIDENTIALITY IN ARBITRATION: RECENT DEVELOPMENTS IN SINGAPORE
Two recent developments in Singapore case law and legislation reflect a willingness to preserve confidentiality related obligations in all arbitrations
ESSENTIAL GOODS SERVICES UNDER IBC
WHAT DOES IT ESSENTIALLY MEAN?
A BIDEN ADMINISTRATION'S NEW VISION FOR THE AMERICAN WORKPLACE
A LOOK AT THE KEY CHANGES PRESIDENT-ELECT BIDEN IS LIKELY TO MAKE ONCE HE TAKES OFFICE
