Background Over the years, a multitude of changes in the economy has increased the need for trade credit and enhanced the scope for the credit insurance sector, manifold. Particularly, Micro, Small, Medium enterprises have started largely relying on this model for their working capital facility and secure their payments for
Introduction Divergent views were expressed by different High Courts on the issue of the limitation period for enforcing foreign awards. Until recently, the law on the limitation period for filing a petition seeking enforcement of a foreign award under the Arbitration and Conciliation Act, 1996 (Arbitration Act) remained largely unsettled.
The Delhi High Court in its judgment titled Glencore International AG v. Hindustan Zinc Limited OMP (EFA)(COMM) 9 & 10 of 2019 decided on 8th June 2020, examined the question of territorial jurisdiction of a Court in the context of enforcement of foreign awards. Brief facts of the case were
In these unprecedented times, where the world is grappling with the catastrophic COVID-19 pandemic, businesses across the globe are witnessing their worst losses. Some are even looking at bankruptcies. The magnitude of uncertainty surrounding supply chains owing to the COVID-19 has shifted the focus back on the historical expression known
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