Source: Indian Express Relevance: Various dimensions of the Cairn issue Synopsis: The recent move by Cairn to seize India’s sovereign assets has many grey areas of law that need due consideration. Background: Britain’s Cairn Energy Plc has secured an order from a French court authorizing the freezing of 20 Indian government properties in Paris valued at… Continue reading For Cairns dispute, international arbitration is not the way forward
Tag: Arbitration
GoI should not contest arbitral awards in Indian courts
Source: TOI Relevance: Issues in implementation of arbitral awards due to India’s legacy Bilateral Investment Treaty (BIT) structure. Synopsis: In the aftermath of the Cairn arbitral award, a analysis of issues involved and probable future course of action. Background A French court recently allowed Cairn to take control of 20 government of India properties in… Continue reading GoI should not contest arbitral awards in Indian courts
Lok Sabha gives nod to arbitration Bill
The lok Sabha has passed the New Delhi International Arbitration Centre (NDIAC) Bill,2019. The Bill provides for setting up of an independent autonomous body for institutional arbitration and to acquire and transfer the undertakings of International Centre For Alternative Dispute Resolution (ICADR) to NDIAC. The NDIAC will be headed by a chairperson who has been… Continue reading Lok Sabha gives nod to arbitration Bill
Arbitral award:SC poser to Singh brothers
Supreme Court has directed former promoters of Fortis Healthcare Ltd to come up with a plan on how they can pay over ₹3,500 crore to Japanese drugmaker Daiichi Sankyo as directed by a Singapore arbitration tribunal. In February,2018,Singh brothers resigned as directors from the Fortis company’s board following the Delhi High Court order upholding the… Continue reading Arbitral award:SC poser to Singh brothers
