There is a sharp rise in international business transactions, Global bidding for contracts, and foreign direct investment therefore many Companies have to deal with International Arbitrations. Parties that are signatories to international contracts often want to avoid using the home courts of one of the parties in order to ensure neutrality, as well as unbiased decisions thus avoiding the problem, faced due to unfamiliar or unpredictable local court procedures.
ASC Solicitors and Advocates has strong experience in handling International arbitrations keeping the seat in India and outside India like UK, USA, etc. The firm also provides consultation at the time of negotiation of contracts to incorporate effective arbitration clauses.
There is a sharp rise in international business transactions, Global bidding for contracts, and foreign direct investment therefore many Companies have to deal with International Arbitrations. Parties that are signatories to international contracts often want to avoid using the home courts of one of the parties in order to ensure neutrality, as well as unbiased decisions thus avoiding the problem, faced due to unfamiliar or unpredictable local court procedures.
The Arbitration Act clearly distinguishes between domestic arbitration and international commercial arbitration. Part I of the Arbitration Act (ie, Sections 1 to 43) applies to domestic arbitration and Part II (ie, Sections 44 to 60, also including Sections 9, 27, and 37(1)(a)) apply to foreign awards and international commercial arbitration.