ARBITRATION
India must reflect & implement essential reforms to strengthen the arbitration process 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 ...
04 Jul, 2024, 10.45 PM ISTAvoid arbitration, use mediation to settle contract disputes: FinMin 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...
04 Jul, 2024, 10.43 PM ISTPhilippines says June 17 South China Sea incident 'most aggressive' recent Chinese action The Chinese Coast Guard's actions against Philippine vessels conducting a routine resupply mission to the Second Thomas Shoal in the South China Sea last month were deemed by a senior Philippine navy official as the "most aggressive" in recent histo...
02 Jul, 2024, 10.14 AM IST- ADVERTISEMENT
Canadian airline WestJet cancels at least 150 flights following a surprise strike by mechanics union The strike came after the federal government issued a ministerial order for binding arbitration on Thursday. That followed two weeks of turbulent discussions with the union on a new deal. On Thursday, WestJet said the union "confirmed they will abid...
29 Jun, 2024, 06.20 PM ISTSembcorp files suit against Siemens Gamesa over unsettled arbitration Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp ha...
26 Jun, 2024, 03.50 PM ISTChina says a Chinese vessel and Philippine supply ship collided in the disputed South China Sea The Chinese coast guard said in a statement on the social media platform WeChat the Philippine supply ship "ignored China's repeated solemn warnings ... and dangerously approached a Chinese vessel in normal navigation in an unprofessional manner, re...
17 Jun, 2024, 09.08 AM ISTNeed to ensure arbitration institutions are not controlled by "self-perpetrating clique": CJI Speaking at the Supreme Court of the United Kingdom, Chandrachud said now is the time for countries such as India to step up to the occasion to create and promote a culture of commercial arbitration and the robust institutionalisation of arbitration...
07 Jun, 2024, 03.32 PM ISTIndia to drag Australia to WTO arbitration on services trade commitments India has taken Australia to arbitration at the WTO over changes to services commitments, impacting trade. The new regulations aim to lower global trade costs by $125 billion.
05 Jun, 2024, 11.31 PM ISTSpiceJet says Sun Group's claims of damages are unfounded SpiceJet and Ajay Singh refuted Kalanithi Maran and KAL Airways' Rs 1,323 crore damages claim as legally untenable. Maran plans to challenge a Delhi High Court order favoring SpiceJet. This ownership dispute dates to 2015. Following the claim, Spice...
28 May, 2024, 10.50 AM ISTSpiceJet refutes KAL, Maran's Rs 1,323 cr damages claim, terms it 'legally untenable' SpiceJet refuted the Rs 1,323 crore damages sought by Kalanithi Maran and KAL Airways as legally untenable. Maran and KAL plan to challenge a Delhi High Court order that remanded the dispute, involving a Rs 579 crore refund, for reconsideration. The...
28 May, 2024, 10.28 AM ISTYuvraj Singh sends notices to real estate firms for infringement of privacy, delayed home possession 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...
27 May, 2024, 07.39 PM ISTKalanithi Maran to seek Rs 1,323 crore in damages from SpiceJet According to the Sun group, as part of a share transfer agreement signed in 2015 when Ajay Singh took over SpiceJet, Maran and KAL Airways had paid SpiceJet Rs 679 crore for issuing warrants and preference shares. However, Maran alleged that the war...
27 May, 2024, 07.06 PM ISTKAL Airways, Kalanithi Maran to seek Rs 1,323 cr in damages from SpiceJet, Ajay Singh Against this backdrop, Maran and his firm KAL Airways have decided to challenge the ruling after consultation with their legal counsel. The decree holders -- KAL Airways and Maran -- "believe that the aforesaid judgement is deeply flawed and warrant...
27 May, 2024, 02.49 PM ISTSpiceJet and Sun Group in fresh war of words over shareholders dispute The Delhi High Court had set aside its earlier order upholding the arbitral award in favour of Kalanithi Maran and against low-cost airline SpiceJet, bringing in relief for the cash-strapped carrier.
23 May, 2024, 05.48 PM ISTDelhi HC sets aside order upholding arbitral award in favour of Kalanithi Maran and against SpiceJet The Delhi High Court on Friday overturned a ruling that upheld an arbitral award favoring Kalanithi Maran against SpiceJet. Maran sought a refund of Rs 579 crore with interest from SpiceJet in a share transfer dispute dating back to January 2015. Sh...
17 May, 2024, 04.07 PM ISTArbitration matters related to Chabahar port to be referred to tribunal in Muscat: Official "Major concerns, including lack of consensus on an arbitral framework, have been addressed. As per the agreement signed on Monday, matters requiring arbitration with regard to operation of the Chabahar port, will be referred to a three-member arbitr...
15 May, 2024, 11.16 AM ISTPhilippines sends ships to disputed atoll where China building 'artificial island' Philippines monitors China's activities in the South China Sea, focusing on small-scale reclamation at Sabina Shoal. National security adviser calls for expelling Chinese diplomats. Permanent Court of Arbitration's ruling challenges China's claims.
11 May, 2024, 04.40 PM ISTChina military says it 'drove away' US destroyer in South China Sea China's military closely monitored and "drove away" USS Halsey that entered the territorial waters of Paracel Islands in the South China Sea on May 10, the Southern Theater Command of the People's Liberation Army said in a statement on Friday.
10 May, 2024, 03.14 PM ISTSouth China Sea: Why are China and Philippines tensions heating up? An escalating diplomatic row and maritime incidents between China and the Philippines have heightened tensions in the South China Sea. China's assertive claims over disputed features within the Philippines' exclusive economic zone, despite an intern...
10 May, 2024, 11.44 AM ISTS&P Dow Jones to sell stake in indices venture to BSE BSE will buy the S&P unit's 50% stake in the company. Though the size of the deal could not be ascertained, sources said the transaction is expected to be concluded in the first quarter of the current financial year.
09 May, 2024, 05.43 AM IST