Delhi High Court supports parties’ agreement to arbitrate in Singapore

Appellate courts in India have sometimes been subject to criticism from international arbitration practitioners due to their interventionist approach (often under the guise of supervision) towards arbitration proceedings. Therefore, it is worth noting the recent decision in Max India Limited v. General Binding Corporation (Max) in which the Delhi High Court rejected the appellant’s invitation … Read more

LCIA India: the dawn of a new era for arbitration in India?

In April 2009, the London Court of International Arbitration (LCIA) announced plans to set up an LCIA centre in India (LCIA India). Following the establishment of its joint venture with the Dubai International Financial Centre (DIFC) in 2008, LCIA India will be only the second LCIA centre to be set up outside London in the … Read more

Energy Charter Treaty ruling clarifies effect of Russia’s “provisional application” accepting jurisdiction to hear Yukos’ claim

Summary and business impact On 30 November 2009, a tribunal sitting at the Permanent Court of Arbitration in The Hague and constituted under the UNCITRAL Rules, ruled that former Yukos shareholders can proceed to the merits phase of their arbitration against the Russian government. Yukos’ expropriation claim is valued at between US$50 and US$100 billion, … Read more