international arbitration

Exclusive: The Paris-headquartered International Court of Arbitration (ICA) of the International Chambers of Commerce (ICC) has hired its first Indian lawyer in a bid to expand in India by increasing visibility and uptake, despite the remaining problem of judicial interference.

India's law ministry has proposed to nullify the controversial Supreme Court judgement of Venture Global Engineering vs Satyam Computers Services by amending the Arbitration Act and preventing Indian courts from challenging international arbitral awards. Other proposals include making institutional arbitration mandatory for disputes over Rs 5 crores and narrowing "public policy" in light of the ONGC v Saw Pipes case.