McDonald’s India has approached the Delhi high court seeking to enforce a 13 September London Court of International Arbitration (LCIA) partial award to appoint experts to value and sell estranged former managing director Vikram Bakshi's stake in the North and Eastern India local franchise of the fast food giant, reported Mint, the Economic Times and others.
A team of experts is to arrive at a valuation agreeable to the parties, after McDonald's began arbitration proceedings before the LCIA in 2013 over the dispute.
McDonald's said in a statement: “MIPL (McDonald’s India Pvt. Ltd) has filed an application to the Delhi high court to progress the enforcement of the partial award rendered in its favour by the London Court of International Arbitration. At the same time, MIPL will continue with its appeal at NCLAT (National Company Law Appellate Tribunal) and also continue to take all other measures and steps to exercise our legal and contractual rights in related matters.”
SAM briefed Delhi-based senior counsel Ciccu Mukhopadhyaya - who was a partner at erstwhile Amarchand Mangaldas before going independent and becoming a senior counsel in 2012 - for the brunt of the arbitration.
For the final hearing in the matter, Debevoise & Plimpton London co-managing partner Lord Peter Goldsmith QC was arguing before the LCIA, assisted by Debevoise dispute resolution
The S&R Associates team was led by
The firms instructed Indian senior counsel Harish Salve, who has chambers in London's elite Blackstone Chambers, and barrister Christopher Harris of 3 Verulam Buildings.
Shardul Amarchand and Dua Associates had also acted for the warring parties before the National Company Law Tribunal (NCLT) as we had reported in July, which had restored Bakshi as managing director of the Indian franchisee company.
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"London CIA" (as opposed to the Langley CIA) in the title when the commonly accepted nomenclature is LCI.
"Brunt" of the arbitration? Brunt is receiving end or worst part or the chief impact of something and usually has a negative connotation. synonyms are force, impact, shock, burden, pressure, strain, stress, impetus, thrust, weight, violence.
Harish Salve has "a chambers". Surely this should be "has a chamber" or "has chambers"
London CIA was slightly tongue in cheek and I hope parseable for lawyers, but mostly included to highlight the London aspect for those not in the know.
Brunt is ok I think, in its secondary definition it is "the greater part":
www.merriam-webster.com/dictionary/brunt
Re chambers - you're right, that's a typo - should have read "has chambers". Correcting now :)
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