https://www.taxtmi.com/caselaws?id=197621 A contractual two-tier arbitration clause providing for a first arbitration in India and a second appellate arbitration in London was held to be permissible under Indian law. Sections 34 and 35 of the Arbitration and Conciliation Act, 1996 were read as not expressly or impliedly barring a second-instance arbitral review, and the finality of an award was treated as subject to further recourse agreed by the parties. The arrangement was also found consistent with party autonomy and not contrary to the fundamental policy or public policy of India, so the appellate arbitration mechanism was upheld as valid. en-us Thu, 15 Dec 2016 00:00:00 +0530 Thu, 11 Jan 2018 09:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197621 A contractual two-tier arbitration clause providing for a first arbitration in India and a second appellate arbitration in London was held to be permissible under Indian law. Sections 34 and 35 of the Arbitration and Conciliation Act, 1996 were read as not expressly or impliedly barring a second-instance arbitral review, and the finality of an award was treated as subject to further recourse agreed by the parties. The arrangement was also found consistent with party autonomy and not contrary to the fundamental policy or public policy of India, so the appellate arbitration mechanism was upheld as valid. Case-Laws Indian Laws Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197621