Practicing Success
Which of the following is an example of Foreign Arbitration? |
An arbitration where proceedings are conducted in a place outside India and the award is required to be enforced in India. An arbitration in which at-least one of the disputing parties is a resident/body corporate of a country other than India. Arbitration with the government of a foreign country. All of the above |
An arbitration where proceedings are conducted in a place outside India and the award is required to be enforced in India. |
Foreign Arbitration - An arbitration where proceedings are conducted in a place outside India and the award is required to be enforced in India. International Commercial Arbitration - An arbitration in which at-least one of the disputing parties is a resident/body corporate of a country other than India. Arbitration with the government of a foreign country is also considered to be an international commercial arbitration. This form of arbitration has been defined specifically under section 2(1)(f) of the Arbitration and Conciliation Act, 1996. |