Indian Economic Times Report: Bombay High Court Ruling On Arbitration

MUMBAI: Indian companies and locally registered units of multinationals may have to rewrite their agreements if they have put the clause of English law as the applicable governing rule for any arbitration. The Bombay High Court has clarified that two Indian parties putting the clauses of foreign law is against public policy. The high court's ruling, however, is silent on whether companies can choose a foreign location for arbitration but apply Indian law, which may lead to outsourcing  .. Read more at: http://economictimes.indiatimes.com/articleshow/48661451.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst