The COVID-19 pandemic has led to a scenario where the performance of contracts has either become extremely difficult, or contracts have been rendered completely incapable of being performed. It is therefore imperative to analyze whether COVID-19 will qualify as a force majeure event.
Read MoreSupreme Court in the recent judgment of Bank of Baroda v. Kotak Mahindra Bank Ltd. has discussed the evolving international jurisprudence on the law of limitation. Phoenix Legal analyze the findings recorded in the judgment, and the limitation period applicable to the execution of foreign decrees in India.
Read MoreIn a move that reflects well-reasoned foresight, on 10 February, the Reserve Bank of India (RBI) released a draft framework for the establishment of new retail payment systems operators.
Read MoreA recent judgment of the Delhi High Court in SSIPL Lifestyle Pvt. Ltd. v. Vama Apparels (India) Private Ltd. & Anr., wherein limitation on the filing of applications under Section 8 of the Arbitration and Conciliation Act, 1996 has been discussed.
Read MoreThe current judicial climate in India fosters a "minimal interference" model for courts, when it comes to matters of arbitration. Be it domestic or international arbitrations, the Supreme Court is making every effort to ensure that courts do not interfere with the arbitral process, without good reason.
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