Monday, October 15, 2012

SC: FOREIGN ARBITRATION AWARDS CAN'T BE CHALLENGED IN INDIA

In a judgment that has far reaching implications for foreign arbitration awards, the Supreme Court
ruled that Indian courts have no jurisdiction to grant any relief or enforce an international arbitration award arrived at in a foreign country. Putting at rest an important issue, the apex court ruled only the courts of the country in which the seat of arbitration is located have the jurisdiction to entertain any matter relating to such arbitration. And it is only in the absence of choice of seat of arbitration that the country whose law is chosen by the parties has jurisdiction to entertain the matter.

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