LCIA Arbitration Where Indian law is the Substantive Law: While finalising an international contract between parties from different jurisdictions, parties can determine the applicable laws, as per which disputes will be resolved in case dispute arise between the parties out of the contract and incorporate it in the contract. Once parties choose the London seat then the supervisory jurisdiction over that goes to London Courts and the procedural law becomes UK Arbitration Act,1996. But if the assets created by the contract are situated in India or for any other reason parties may choose Indian law as the law governing the contract or substantive law, then the arbitrators have to interpret the contract and decide the disputes as per Indian law. In such matters the firm and its partners can handle the entire matter on their own, without involving any UK qualified lawyer, till the pronouncement of an award. In case of any challenge preceding, the firm shall use the services of its UK Associate lawyer. Due to this the Firm is able to effectively cut the costs of arbitration and keep it affordable and reasonable. The Firm has many Associate Barristers and Solicitors in London with a command over arbitration matters.
LCIA Arbitration Where a Foreign Law is the Substantive Law: While finalizing the contract parties determine the applicable laws which should be used to resolve the disputes, in case dispute arise between the parties out of the contract. Once parties choose the London seat then the supervisory jurisdiction goes to London Courts and the procedural law becomes Arbitration Act, 1996 of UK. But if the for any other reason parties may choose any law of a foreign country as the law governing the contract or substantive law, then the arbitrators have to interpret the contract and decide the disputes as per that law. In such matters the firm and its partners take the assistance of a prominent lawyer having strong exposure to that foreign law, to assist our arguing counsel. In case of any challenge preceding the firm shall use the services of its UK qualified Associate lawyer. Due to this capability the Firm is able to effectively cut the costs of arbitration and keep them within the reasonable levels.
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