Foreign arbitration awards beyond Indian courts’ jurisdiction, says SC

Posted On & filed under Top Law News.

In a boost to foreign investors, the Supreme Court Thursday held that if an Indian investor chooses to go for arbitration with a foreign company abroad, the Indian courts will then have no jurisdiction to interfere with such an arbitration award. By its ruling, a five-judge constitution bench headed by Chief Justice S.H. Kapadia reversed… Read more »

Plea for amendments to Arbitration Act

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Observing that arbitrators were charging “exorbitant” fee from parties in dispute, former Law Commission Chairman Justice A R Lakshmanan has said it was time the Centre steps in and brings about amendments to the Arbitration Act.  Arbitrators should not charge “exorbitant fees,” Lakshmanan, who is also the chief of Indian Court of Sports Arbitration, said… Read more »