Page 4 - Arbitration

Veteran NY judge appointed as independent arbiter in Trump Mar-a-Lago probe

A federal judge has appointed a veteran New York jurist to serve as an independent arbiter and review records seized during an FBI search of former President Donald Trump's Florida home last month. The selection of Raymond Dearie, a former federal prosecutor who for years served as the chief judge of the federal court based in Brooklyn, came after both the Justice Department and Trump's lawyers made clear that they would be satisfied with his appointment as a so-called special master. In that role, Dearie will be responsible for reviewing the documents taken during the Aug. 8 search of Mar-a-Lago and segregating out any that may be covered by claims of privilege. It is not clear how long the work will take but the special master process has already delayed the investigation, with a judge in Florida directing the Justice Department to temporarily pause core aspects of its probe. The Justice Department is investigating the hoarding of top-secret materials and other classified document

Arbitrators can't decide their fees without consulting parties, says SC

The Court said the 4th schedule, which lays down the fees of arbitrators, of the Arbitration and Conciliation Act 1996(the Act) is not binding on the parties.

Govt loses appeal to $111 mn arbitration award in dispute with RIL, Shell

The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute

Arbitration hearing set for January in Vedanta-Zambia copper mine dispute

Zambia's government accused Vedanta at the time of failing to honour licence conditions, including promised investment - accusations that Vedanta has denied.

Delhi HC directs DMRC to pay Rs 4,600 cr arbitral award to DAMEPL in 2 mths

The Delhi High Court directed the DMRC to pay over Rs 4,600 crore of arbitral award along with interest to Delhi Airport Metro Express Private Limited (DAMEPL) in two equal installments in two months.

Negotiating pitfalls: Are there basic lacunae in India's practices?

As cumulative experience should teach us, fuzzy approaches have costs, so the homework has to be done before signing of contracts, not after, writes T N Ninan

Arbitration can be set aside only if award is against public policy: SC

An arbitration award can be set aside only if the award is against the public policy of India, the Supreme Court has said.

India's first International Arbitration and Mediation Centre opens in Hyd

India's first International Arbitration and Mediation Centre was jointly inaugurated by Chief Justice of India, N.V. Ramana, and Telangana Chief Minister, K. Chandrasekhar Rao

Russia gets partial win in $50 billion case over bankrupt oil giant

The Dutch Supreme Court on Friday handed Russia at least a temporary victory in an appeal of what's believed to be the world's largest award in an arbitration case

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration

Sources said order had mandated relief in terms of shareholders' agreement, which gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares

There's growing interest in mediation in India: Singapore law minister

'Singapore and India are also collaborating closely in mediation', said Shanmugam

Zostel vs Oyo: Delhi High Court to hear case on October 7

Zostel is a backpacker hostels chain which has been embroiled in a legal battle with OYO for the last three years after merger talks broke down

No direction to firm in arbitration award on promoters' feud: IndiGo

The proceedings were initiated by InterGlobe Enterprises Ltd (IGE) and Bhatia against Gangwal, the Chinkerpoo Family Trust and Shobha Gangwal

Street signs: Index inclusion setback for REITs, Paras IPO in demand & more

Shares of Brookfield India REIT fell close to 9 per cent in two sessions, while Embassy Office Parks REIT declined more than 5 per cent

$1.2-bn arbitral award: US court sets timelines for Cairn-India lawsuit

A federal court in Washington has set timelines for responses to be filed to an Indian government petition seeking dismissal of a suit by Britain's Cairn Energy

Arbitration awards and the public interest

An objective, analytical approach to pursuing or resisting claims and arbitration awards is advisable

$1.2 bn arbitration: Govt says no proposal from Cairn to settle dispute

Facing a payout of $1.2 bn-plus interest after an arbitration award went against it, government said it has not received any formal proposal from Cairn Energy plc to resolve issue within country

Vodafone arbitration case: Singapore court to hear India's appeal in Sept

Arbitration court in September rejected India's demand for Rs 22,100 crore in back taxes and penalties from company.

Cairn arbitration: Govt confirms French court order against Indian assets

MoS Finance, in a written reply to a question in Rajya Sabha, said govt has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 cr in back taxes on Cairn Energy

Cairn Energy arbitration case: Riders to invoking 'sovereign immunity'

Earlier this month, a French court permitted Cairn Energy to freeze several India-owned assets in Paris for executing the $1.2-billion international arbitral award in the decade-long tax dispute