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GAR 100 - 10th Edition

Lex Arbitri

10 March 2017

A Mumbai boutique with a brace of India-related oil and gas disputes

Pending cases as counsel 15
Value of pending counsel work US$16.5 billion
Treaty cases 0

Lex Arbitri was created by Madhur Baya in 2013 to focus solely on international arbitration and complex commercial litigation, drawing on his experience of handling cases at a wide range of international arbitral institutions as well as of litigation in the US, Saudi Arabia and Thailand. Originally an accountant, Baya transferred to law and is qualified in England and Wales as well as India. He started his career managing tax compliance and litigation for Bharat Heavy Electricals before joining Economic Laws Practice in Mumbai in 2003. He was there for a decade, graduating from tax law to international arbitration (he co-founded the specialist group in 2005 and made partner the year after).

While at ELP, Baya worked alongside Allen & Overy in advising British Gas and Reliance Industries in a claim against India over exploration rights in the Bay of Bengal. Baya brought the case over to his new firm and assisted in related Indian Supreme Court proceedings.

The boutique continues to work as co-counsel with Magic Circle and large US firms on major disputes, especially relating to natural resources, engineering, insurance and shipping. Alongside resources and engineering, the firm is popular among India’s large insurance and shipping houses.

Recently, the firm has represented BP in proceedings before a judicial committee in a US$1.55 billion dispute over another gas block in the Bay of Bengal. The firm also helped Clearwater Capital prevail in a dispute with Indian state oil company ONGC.

Other pending matters include a dispute between units of Abengoa and Vedanta; a case on behalf of the Essar Group playing out in four jurisdictions; and claims brought on behalf of the Mahindra Group against SunEdison-owned companies relating to construction in the renewable energy sector.

Active internationally, Baya is a member of the leadership committee for the Singapore International Arbitration Centre’s under-40 group (YSIAC) and serves on the Asia-Pacific Forum’s management committee.



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