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November 4, 2020

On the same day, with few options left and sensing defeat, the Government of India moved to change Indian arbitration law. The order, issued by the Indian Ministry of Law and Justice, amended the Indian Arbitration and Conciliation Act of 1996 to require that Indian courts “unconditionally” stay any arbitral award when there is a prima facie showing that the “arbitration agreement or contract which is the basis of the award . . .was induced or effected by fraud or corruption.”

India’s Finance Minister spearheads an Inter-Ministerial Monitoring Committee to expedite proceedings against Devas “on a war-footing.”