The law requires arbitration agreement to be in writing to be enforceable and valid. Section 7 of the Act specifies that the Arbitration Agreement shall be in writing, it can be part of a document signed by the parties or it can be by way of exchange of letters
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Normally two types of Loss of profit claims are made in the arbitration/ litigation matters arising out of breach of contract, namely, Loss of profits arising out of delays in the execution and loss of profits arising out of the illegal termination of contract.
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By a recent Judgement dated 14.07.2020, the Supreme Court of India while deciding Arjun PanditRao Khotkar settled the law relating to admissibility of evidence of electronic records in legal proceedings.
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There is a common belief that the arbitration law and competition law regimes stand diametrically opposite to each other with no point of intersection.
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The Arbitration & Conciliation Act, 1996 (herein after 'The Act') with its advent has paved way for an effective alternate dispute resolution mechanism but reduces importance of certain the procedural and other substantive laws that forms the basis of settling disputes before the courts.
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Webinar PPT : Fundamentals of an India seated International arbitration
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Federation of Oils, Seeds and Fats Associations Limited (FOSFA) is an association of various companies, firms, traders & organizations who are into the business of certain commodities.
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An arbitral tribunal need not give only one award in an arbitration , depending on the requirements in each case , it can give multiple awards but the last one would be the final award.
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Arbitration has become the most convenient and popular dispute resolution process for the resolution of commercial disputes.
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