201901.16
0
0

“Seat of Arbitration” and “Venue of Arbitration” Cannot Be Used Synonymously

“Seat of Arbitration” and “Venue of Arbitration” Cannot Be Used Synonymously IN THE HIGH COURT OF DELHI AT NEW DELHI DREDGING CORPORATION OF INDIA Vs. MERCATOR LIMITED ARISING OUT OF O.M.P (COMM.) 334/2018, O.M.P (COMM.) 335/2018 & O.M.P (COMM.) 336/2018 (DATE – 10.10.2018) FACTS The Petitioner had entered into three Time Charter Party Agreements (hereinafter…

201810.01
0
0

Is your Contract Safe ?

Is your Contract Safe ? Precautions are must to be taken in a Contract to make it Safe. Contract A business transaction between two or more parties are summarized and documented to make it enforceable in law. AMLEGALS consider a contract to be “Heart & Soul” of any business. This legal intelligence series is intended to…

201712.12
0
0

Arbitration intelligence VIA Transfer Pricing

Arbitration intelligence VIA Transfer Pricing Hyundai Rotem Company (Appellant) v. ACIT (Respondent) ITA No.510/Del./2016 dated 22/11/2017 FACTS M/s. Hyundai Rotem Company, the taxpayer, paid an amount to DMRC out of the remittance received from the Head office. But, Transfer Pricing Officer (TPO) had the view that Associated Enterprises (AE) reimbursed the taxpayer as a usual…

201712.11
0
0

Arbitration- When Corporate Veil Can Be Pierced ?

Arbitration intelligence GMR Energy Limited v. Doosan Power Systems India Pvt. Ltd. & Ors. 2017 SCC OnLine Del 11625   Facts: The arbitration between Doosan India, GMR Energy, GMR Chhattisgarh Energy Limited (GCEL) and GMR Infrastructure Limited (GIL) for development of a 1350 MW Coal Fired Thermal Power Plant at Raikheda in Chhattisgarh was under…

201711.20
0
0

Supreme Court on Arbitration, November 2017

Supreme Court On Arbitration & Conciliation Act     TRF Ltd. v. Energo Engg. Project Ltd. 2017 8 SCC 377   Held – Once the Arbitrator has become ineligible by operation of law, he cannot nominate another as an arbitrator. The Arbitrator becomes ineligible as per prescription contained in Section 12(5) of the Act.   Indus…

201606.04
0
0

Singapore International Arbitration Centre (SIAC) in GIFT City

GIFT City,Gandhinagar To Have An Office Of Singapore International Arbitration Centre (SIAC)    The Gujarat International Finance Tec-City also  known as GIFT city has signed a memorandum of agreement with Singapore International Arbitration Centre (SIAC) on Thursday to offer arbitration and commercial disputes resolution services to companies situated at the International Financial Services Center (IFSC)…