Region: India
Indian Supreme Court to review decision on unstamped agreements
After its controversial ruling earlier this year that unstamped arbitration agreements are unenforceable, India’s Supreme Court has agreed to refer the decision to a seven-judge bench for reconsideration.
29 September 2023
Indian injunction halts Singapore arbitration over matchmaking business
An Indian authority has issued an interim injunction to prevent a Mauritian private equity fund from pursuing a Singapore-seated ICC arbitration against the founder of an online matchmaking service – months after the Singapore courts affirmed the dispute was arbitrable.
18 September 2023
Vedanta settles feud over Zambian copper venture
Mining group Vedanta Resources has agreed a billion-dollar settlement with a Zambian state-owned entity to regain control of a copper-mining venture and bring an end to an UNCITRAL arbitration seated in South Africa.
06 September 2023
Funder gives green light to miner’s claim against India
A third-party funder has confirmed it will provide up to US$13.5 million for an Australian mining company to pursue an investment treaty claim against India over a gold project.
05 September 2023
Delhi court provides guidance on India’s stamping conundrum
After a recent Indian Supreme Court ruling that unstamped arbitration agreements are unenforceable, the Delhi High Court has clarified the steps that must now be taken when dealing with a petition for the court to appoint arbitrators. Shashank Garg, an advocate who appeared as amicus curiae in the Delhi proceedings, reports.
25 August 2023
Indian arbitrator refuses to restrain sale of hospital network
An Indian arbitrator has refused a Mumbai healthcare provider’s request for interim measures to restrain a US private equity firm from selling a hospital network to rival bidders.
18 August 2023
US appeals court overturns enforcement of satellite award
A US appeals court has overturned the enforcement of a US$1.3 billion ICC award against Indian state-owned satellite company Antrix, saying the award debtor lacked a sufficient connection to the US.
02 August 2023
Singapore court upholds nominal damages in plastics plant dispute
A Singapore court has upheld a quantum award requiring a South Korean construction group to pay only nominal damages to an Indian state-owned entity in a US$183 million dispute over a polyethylene plant contract.
25 July 2023
Mumbai Senior Advocate joins 39 Essex
Mumbai-based senior advocate Sharan Jagtiani has joined 39 Essex Chambers.
21 July 2023
Dutch court blocks enforcement of Indian satellite award
A Dutch court has refused to enforce a billion-dollar ICC award against an Indian state-owned entity, finding that the applicant was no longer authorised to act on the award creditor’s behalf.
20 July 2023