A. LEGISLATION, TRENDS AND TENDENCIES A.1 Legislation The Arbitration and Conciliation Act, 1996 (“Arbitration Act”) governs the conduct of arbitrations in India as well as the enforcement of domestic and foreign awards. The Ministry of Law and Justice (in an attempt to reform perceived lacunae in Indian law) had released a consultation paper on proposed amendments to the Arbitration Act in 2010. However, the general consensus among the legal community is that no amendments or modifications to the statute are imminent. A.2 Trends and Tendencies As we discuss in detail in Section B, there appears to be a recent and concerted tendency within the Supreme Court of India and the various High Courts to reduce judicial intervention in arbitrations (especially foreign-seated arbitrations) and narrow grounds of challenge to arbitral awards. This new judicial attitude is combined with other parallel developments that include: (i) the establishment of independent Indian centres by reputed arbitration institutions such as the London Court of International Arbitration (“LCIA”) and the Singapore International Arbitration Centre (“SIAC”), (ii) the encouragement by the Supreme Court of alternative dispute resolution processes including arbitration,3 (iii) the establishment of arbitration centres under the aegis of high courts such as the Karnataka and Delhi High Courts, and (iv) fledgling attempts to establish an arbitration bar. While a large scale impact of these trends is yet to be seen, it is no longer a mistake for parties to consider arbitrating in India.