Research

International & Domestic Arbitration Specialists

Vedanta Judgment Breaks the Glass

21/Oct/2020, 11:07 AM, Authored by Hiroo Advani & Tariq Khan

The enforcement of foreign arbitral awards in India is witnessing a promising shift to be in consonance with the framework laid down by the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958, famously coined as the New York Convention. Inspite of commendable endeavors to make India a leading arbitration hub by the legislature, the regressive approach adopted by the Indian courts in enforcement of foreign awards, in judgments like NAFED v Alimenta S.A. and Venture Global Eng. LLC v. Tech Mahindra is indubitably acting as a huge stumbling block…