ValkyaEditorial

Tagged “balco”

1 article on balco.

Landmark JudgmentSupreme Court of India

BALCO v. Kaiser Aluminium: how the Constitution Bench severed Part I from foreign-seated arbitrations

On 6 September 2012, a five-judge Constitution Bench of the Supreme Court overruled Bhatia International and Venture Global and held that Part I of the Arbitration & Conciliation Act, 1996 applies only to arbitrations seated in India. The judgment prospectively rewrote the boundary between domestic-court supervision and party-chosen foreign seats, aligned Indian law with the UNCITRAL Model Law and the New York Convention, and laid the analytical scaffolding on which Indus Mobile, BGS SGS Soma JV and PASL Wind Solutions were later built.

Valkya Editorial··13 min