Zaiwalla was speaking of integrity and honesty as being key to improving the standards of arbitration in India
Zaiwalla said this in the context of changes expected in the Indian legal market once foreign law firms enter India
Bureaucratic pig-headedness, information gaps and a flabby legal system make it easy for global litigants to seek Indian assets abroad
International arbitration is at the heart of the bilateral investment treaties signed by the government since 2015 when the Centre unilaterally cancelled all investment and tax agreements. While foreign companies claim the Indian legal system is slow and corrupt, the government is against fighting legal battles abroad that bleed public coffers.
Key Highlights “Time for India to join the International High Table on Arbitration” - H.R. Bhardwaj, ...
Speaking to CNBC-TV18, telecom secretary R Chandrashekhar denies having revied any notice from Telenor informing them of the company's intention to invoke international arbitration if their investments are not protected.