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REDDYANDREDDYASSOCIATES 55dafb5d4ec0a407c44969ae Services https://www.reddyandreddylawfirm.com

Courts at seat of arbitration have exclusive ju...

  • 2021-04-19T09:44:08

Courts at seat of arbitration have exclusive jurisdiction to regulate arbitral proceedings A Supreme Court Bench of Justices RF Nariman and Hrishikesh Roy has ruled on 13.04.2021 that the moment a place has been chosen as the seat of arbitration, exclusive jurisdiction is vested in courts at the particular agreed place, to regulate arbitral proceedings related to that matter (M/s Inox Renewables Ltd. v. Jayesh Electricals Ltd.). It was clarified by the apex court that the parties may mutually arrive at a seat of arbitration, and are at liberty to change said seat by means of a mutual agreement. Once changed, the previous seat no longer holds jurisdiction. In other words, choosing a place as the seat of arbitration is akin to an exclusive jurisdiction clause. Reddy & Reddy Law Firm has a forte in handling matters related to arbitration. They have an experienced team of lawyers ready to assist in all your disputes.

Courts at seat of arbitration have exclusive jurisdiction to regulate arbitral proceedings A Supreme Court Bench of Justices RF Nariman and Hrishikesh Roy has ruled on 13.04.2021 that the moment a place has been chosen as the seat of arbitration, exclusive jurisdiction is vested in courts at the particular agreed place, to regulate arbitral proceedings related to that matter (M/s Inox Renewables Ltd. v. Jayesh Electricals Ltd.). It was clarified by the apex court that the parties may mutually arrive at a seat of arbitration, and are at liberty to change said seat by means of a mutual agreement. Once changed, the previous seat no longer holds jurisdiction. In other words, choosing a place as the seat of arbitration is akin to an exclusive jurisdiction clause. Reddy & Reddy Law Firm has a forte in handling matters related to arbitration. They have an experienced team of lawyers ready to assist in all your disputes.

  • 2021-04-19T09:44:08

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