Overview: Five Landmark Judgements On Cross Border Arbitration In India

The world has become a global village with the advent of globalization. Business organizations have expanded themselves across and beyond borders leading to an increase in cross-border transactions. Agreements and contracts executed between commercial organizations many times go ugly, thus, giving rise to disputes which are not within the confines of the municipal law of a particular country, because the transactions are 'cross-border' in nature. Adjudication of cross-border business disputes demand the expertise of a different sort, especially when the organizations in dispute are from nations which follow different legal systems. Redressal of disputes qua 'arbitration' is their best bet in such situations for arbitration is the most plausible solution.