CS Professional · Arbitration, Mediation and Conciliation · Conceptual Framework of International Commercial Arbitration
A partnership-type association of individuals, Nordic Marine Group, has members of various nationalities, and its central management and control is exercised in Oslo. It contracts with Kochi Shipyards Ltd, an Indian company, for ship repairs. Under the Act, how is this arbitration classified if a dispute arises from this commercial contract?
It is an international commercial arbitration. Section 2(1)(f)(iii) treats an association or body of individuals whose central management and control is exercised outside India as a qualifying party. Oslo management satisfies this, regardless of where the repair work is performed.
- AInternational commercial arbitration, as an association whose central management and control is exercised outside India is a qualifying partyCorrect
- BDomestic arbitration, because the repair work is done in India
- CDomestic arbitration, because only companies and individuals can be foreign parties
- DInternational commercial arbitration only if the Government of Norway is a party
Explanation
Section 2(1)(f)(iii) covers an association or body of individuals whose central management and control is exercised outside India. Nordic Marine Group is managed from Oslo, so the definition is met. Place of performance is not a criterion, and Government involvement is a separate limb, (iv).
Did you get it right without looking?
One question tells you little. A timed set on Conceptual Framework of International Commercial Arbitration shows your real accuracy, how long you take and where you lose marks.
More Conceptual Framework of International Commercial Arbitration questions
- In an international commercial arbitration seated in Mumbai between Kaveri Motors Ltd and a Japanese firm, the contract says nothing about t…
- Banyan Infra Ltd (India) and Tasman Build Pty Ltd (incorporated in Australia) agreed to arbitration seated in London. Their agreement is sil…
- Tata Projects Ltd (incorporated in India) and Hanseatic GmbH (incorporated in Germany) have a supply contract with a clause: 'All disputes s…
- Ramesh Iyer, an Indian citizen, has lived in Dubai for many years and is habitually resident there. He enters a commercial consultancy contr…
- Mehta Steel Ltd (India) and Hanseong Corp (South Korea) have an arbitration agreement that says nothing about how arbitrators are to be appo…
- Kaveri Auto Pvt Ltd (Chennai) and Brandt GmbH (Germany) agreed that 'arbitration shall be conducted under the rules of XYZ Arbitration Centr…