A detailed report in the Eco Times on the long-running legal scuffle between McDonald's and its local JV partner Vikram Bakshi. McDonald's has accused Bakshi in the Delhi high court of forum shopping by launching Company Law Board (CLB) and Delhi high court challenges to a London Court of International Arbitration (LCIA) proceeding between the parties.
Bakshi, represented by senior counsel Mukul Rohatgi to date, has been fighting for his reinstatement as managing director of the joint venture after he was ousted by McDonald's in 2013.
Senior counsel Harish Salve will appear for McDonald's today, arguing against the Indian proceedings so that the London arbitration can proceed. [Economic Times]
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