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What is International Commercial Arbitration? What is the Status of International Arbitration in India?

What is International Commercial Arbitration? What is the Status of International Arbitration in India?

Submitted by • October 28, 2020 transfin.in

Two major “international arbitration” cases have caught the limelight recently.

First was the more than decade-long snoozefest between Vodafone and the Government of India.

The second one happened over the weekend - when Singapore’s International Arbitration Centre (IAC), upon a plea from Amazon, blocked Future Retail’s ₹24,713cr ($3.3bn) deal with RIL through an Emergency Arbitrator ruling.

These two matters give us the chance to explore the practice of international arbitration when it comes to commercial disputes.

What is international arbitration? Why do companies prefer arbitration? And what does Indian law have to say about international arbitration?

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Voted by ctransfin

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