Venture Global Engineering vs Satyam Computers
04 May 2010
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.