Delhi High Court Upholds Arbitral Award in Skill Development Dispute
In Delhi Skills Mission Society (DSMS) v. Samuel Foundation Charitable India Trust (SFCT), the Delhi High Court delivered a significant judgment, addressing a contractual dispute under the Skill Development Initiative Scheme (SDIS). The case centered on the reimbursement of training costs claimed by SFCT, a registered Vocational Training Partner (VTP) under the scheme. DSMS, a […]
Supreme Court Clarifies Date for Foreign Exchange Conversion of Arbitral Awards
The Reserve Bank of India’s regulations on the conversion of foreign currency arbitral awards fall under the Foreign Exchange Management Act, 1999 (FEMA) governs the process and requirements for converting foreign currency awards into Indian rupees. Why getting the foreign exchange conversion right is important? When a court or arbitration gives you an award in […]
Legal Update: Arbitration of Non-Signatories Clarified
The place of arbitration agreements in corporate structuring? Arbitration agreements can have significant implications on complex corporate structures, particularly in dispute resolution, jurisdictional challenges, and enforcement of awards. Identifying the correct parties involved and managing costs are critical considerations. Due to the complex nature of the commercial transactions, it has become necessary to identify the […]