The Delhi High Court (the “Court”) in a recent decision, has set aside a 2015 arbitral award of the International Chamber of Commerce (“ICC”) which had directed Antrix Corporation Limited (“Antrix”) to pay damages of over US$ 560 million plus interest to Devas Multimedia Private Limited.
This is the latest development in a series of disputes that first arose more than a decade ago, as a result of Antrix’s premature termination of a leasing agreement with Devas. In its decision, the Court has held that the ICC Award, now worth in excess of US$ 1 billion with interest, suffered from “patent illegalities and fraud” and was accordingly in conflict with the “public policy of India“, such that it was liable to be set aside under India’s Arbitration and Conciliation Act, 1996…
Read the complete article here.
In this episode of the Arbitration Conversation Amy interviews former Chief Justice of the Iowa Supreme Court Marsha Ternus. She was appointed to the Iowa Supreme Court in 1993 and...
By Marsha Ternus, Amy SchmitzIn this episode of Arbitration Conversation Amy Schmitz interviews Prof. Bob Bailey of Mizzou Law on the new unanimous Supreme Court decision (authored by Justice Gorsuch) around the enforceability of...
By Robert Bailey, Amy Schmitz“American exceptionalism” has been used to reference the United States’ outlier policies in various contexts, including its love for litigation. Despite Americans’ reverence for their “day in court,” their zest...
By Amy Schmitz
With the purchase of a Featured Membership, you will be shown on the front page of Arbitrate.com to web site visitors from your city and region (“state” if you are in the USA). You may appear in more than one city/region by purchasing additional locations.
