Supreme Court Of India Upholds The Validity Of Emergency Arbitral Awards
On Friday 6 August 2021, the Supreme Court of India held that an Emergency Arbitrator’s award would be enforceable in the Courts of India under the Indian Arbitration Act.
Gopal Subramanium of 3VB was successful in enforcing an Emergency Arbitrator’s award rendered under the SIAC Rules in favour of Amazon, in the ongoing Amazon v FRL and Reliance Retail dispute. This decision of the Supreme Court is a landmark judgment which has the potential to streamline India seated arbitrations and sends a signal to investors across the world that domestic Courts in India are invoking and respecting party autonomy and institutional rules opted by parties.
Read the judgment in full here.