At the Dawn of a New Arbitration Era, the Old Law Shines Bright: A Landmark Judgment by the Lahore High Court in Waqas Yaqub v. Adeel Yaqub Case
While Pakistan is heading towards promulgating a new arbitration law, developments continue to take place under the extant Arbitration Act, 1940 (“the Act”). Section 34 is one of the most availed provisions of the Act, which provides for the stay of court proceedings where an arbitration agreement exists between the parties. This provision can be…