commercial arbitration

Bombay High Court considers interim relief jurisprudence in foreign seated arbitrations

Summary: The Bombay High Court has recently, in Norvic Shipping Asia PTE Limited v. Zigma International and Malaney Trading & Services LLP v. Uzer Makina VE Kalip Sanayi A.S. granted interim relief in foreign seated arbitrations. Providing guidance on the requirements for obtaining such interim protection, the Court has reiterated that parties to foreign seated arbitrations have the option of approaching Indian Courts to preserve the underlying subject matter of their dispute. This approach upholds party autonomy, which is the very basis of arbitration, and is in line with the UNCITRAL Model Law. This post draws upon past experiences to highlight key takeaways for parties seeking such relief.

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Can an Arbitral Tribunal’s Mandate be Extended Post Award?

Introduction of Section 29A to the Arbitration and Conciliation Act, 1996 (the “Act”), by way of an amendment in 2015, marked a significant event in the arbitration regime in India. It recognised the sluggishness that had crept into arbitration proceedings and provided for strict timelines for making of an award. The section was further amended in 2019, pursuant to recommendations of Justice B N Srikrishna committee.

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