https://www.taxtmi.com/article/detailed?id=6070 Where arbitration proceeds without court intervention the tribunal may decide preliminary questions of its competence, including the existence of the arbitration agreement, whereas courts may exercise discretion to decide such issues when invoked; principal civil courts or High Courts with original civil jurisdiction are the designated courts under Part I. A party's failure to nominate an arbitrator permits the respondent to nominate a sole arbitrator, but where a transaction effects full and final settlement there is no arbitrable dispute. Pendency of arbitration does not alone restrain invocation of bank guarantees, and arbitral awards bind only parties to the arbitration agreement. en-us Tue, 17 Feb 2015 08:38:08 +0530 Tue, 17 Feb 2015 08:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6070 Where arbitration proceeds without court intervention the tribunal may decide preliminary questions of its competence, including the existence of the arbitration agreement, whereas courts may exercise discretion to decide such issues when invoked; principal civil courts or High Courts with original civil jurisdiction are the designated courts under Part I. A party's failure to nominate an arbitrator permits the respondent to nominate a sole arbitrator, but where a transaction effects full and final settlement there is no arbitrable dispute. Pendency of arbitration does not alone restrain invocation of bank guarantees, and arbitral awards bind only parties to the arbitration agreement. Articles Other Topics Tue, 17 Feb 2015 08:38:08 +0530 https://www.taxtmi.com/article/detailed?id=6070