ARBITRATION CLAUSES

The recent finance ministry notification in India has raised concerns by discouraging automatic arbitration clauses in procurement contracts. The move aims to address the unsatisfactory experience of the Government of India (GoI) in arbitration and ...

The finance ministry advises government entities to opt for mediation over arbitration in contract disputes. Guidelines stress resolving disputes amicably and avoiding unnecessary litigation. Committees to oversee mediation process. Courts to adjudi...

According to the notice, the cricketer had booked a dwelling unit in 2020 at Hauz Khas, New Delhi in one of the projects of a real estate firm. M/s Brilliant Etoile Private Limited and M/s Uppal Housing Private Limited are the noticees in one of the...

Calcutta High Court's rulings on M Damodaran's affidavit, UpHealth's stake acquisition dispute with Glocal, and the arbitration proceedings, including damages awarded, showcase legal complexities and jurisdictional disputes in the case.

While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as it’s seen as a soft deterrent, said Jay Parikh, partne...

UpHealth, a digital health company, acquired a 95% stake in Glocal in 2020. The dispute started after UpHealth claimed their right to two directors on the board of Glocal as per the share purchase agreement (SPA) in September 2022, which was defeate...

The Supreme Court overturned the arbitral award which was in favor of Anil Ambani's Reliance Infrastructure's metro arm, Delhi Airport Metro Express Pvt Ltd (DAMEPL), citing patent illegality. It upheld the High Court's division bench decision and a...

Sachin Bansal-promoted Navi Technologies is in the market to secure external funding at a valuation of around $2 billion. Details of this and more in today’s ETtech Top 5.

Rent agreement clauses for landlord, tenant: It can happen that the landlord and tenant are unable to add all the clauses to protect their interests in the lease agreement. However, there are certain clauses that should be added in the rent agreemen...

The shareholders of Unitop Chemicals started arbitration against promoters of Rossari Biotech, the company which had acquired Unitop in 2021. The Unitop shareholders have alleged that Rossari Biotech has breached the agreement for acquiring 100% sta...

Zee-Sony Deal: The broken Zee Entertainment - Sony Group merger plan has led to intriguing developments on the legal front. Japan's Sony invoked the arbitration clause and sought $90 million from Zee for breach of the merger agreement. Zee, on the o...

The Supreme Court has upheld the Delhi High Court's order in the Aditya Birla Finance-Siti Networks Ltd dispute, requesting arbitration. The court clarified that all parties should present their defenses before the sole arbitrator appointed by the D...

Delhi Airport, owned by GMR group, has won an arbitration against the Airport Authority of India (AAI) over revenue sharing during the COVID-19 pandemic. The airport, which pays 45.99% of its annual revenue as concession fees, was granted interim re...

On January 3, Wipro and Dalal were directed to resolve the case under section 8 of the Arbitration Conciliation Act, 1996. The official order will be uploaded in the next week.

IT major Wipro has filed at least two legal complaints against its former senior executives including former senior vice president Mohd Haque and ex CFO Jatin Dalal for breach of his employment contract with Wipro. What does this mean?

Wipro and Infosys are pursuing legal action against former executives joining Cognizant, raising questions on non-compete clauses' validity in India. While Wipro sued ex-SVP Mohd Haque and CFO Jatin Dalal, Infosys accused Cognizant of unethical hiri...

Setting aside the April verdict, the larger seven-judge bench led by Chief Justice DY Chandrachud ruled that agreements that are not stamped or insufficiently stamped are not rendered void or void ab initio or unenforceable if arbitration agreement ...

Tax treaties provide for a lower rate of tax in the country of source for residents of another country. They also provide for a situation where profits of MNCs are taxable in the source country only if there is a permanent establishment and provide ...

The Supreme Court has referred the issue of unstamped arbitration agreements to a seven-judge bench for reconsideration. The court decided to review the verdict of a five-judge bench, which stated that unstamped agreements are not enforceable in law...