As India continues to attract increasing amounts of foreign investment, India has emerged as an attractive destination for many Multinational Corporations (MNCs). Burgeoning international commerce is accompanied by increasing cross-border commercial disputes. Given the need for an efficient dispute resolution mechanism, Arbitration and Alternate Dispute Resolution (ADR) has emerged as a faster, cost-effective option for resolving international commercial disputes and preserving business relationships. Since arbitration is based upon the principle of party autonomy and offers flexibility to both parties, there is an increasing trend towards resolving disputes by means of Arbitration.
Fox Mandal & Co. provides the essentials for managing a Successful Arbitration
It has relevant expertise and an unparalleled record when it comes to arbitration in trans border and cross cultural disputes. While advising clients we take care that the following are in place:
1. A comprehensive arbitration agreement.
2. Familiarity with the procedural laws that would apply to the dispute.
3. The reasoning to choose a particular mechanism for the dispute resolution.
4. Selecting the right Arbitrator/s.
ARBITRATION EXPERIENCE
The increasing growth and liberalisation of the Indian economy is creating new business opportunities particularly with the expansion and modernisation of the country’s infrastructure. We are pleased to be able to offer the benefit of our arbitration experience to clients in the following areas:
• Investment Treaty Arbitration;
• Commercial/ Contractual Disputes;
> International and Domestic
• Construction Industry disputes
INVESTMENT TREATY ARBITRATION
Fox Mandal is the first and only law firm in India which has the requisite expertise to handle Bilateral Investment Treaty (BIT) disputes.
Fox Mandal & Co. has an extensive investment treaty arbitration experience that requires a comprehensive understanding of the Bilateral Investment Treaties and other Multi-lateral treaties.
It was in this backdrop that Fox Mandal advised the Government of India in relation to its dispute with the investors in the Dabhol Power Project set up in the State of Maharashtra. The arbitration, which was conducted under the UNCITRAL Rules, with the seat of arbitration in London, was a front runner in the arena of dispute resolution. Fox Mandal not only represented the Government of India in the arbitration proceedings but also advised in the restructuring of the Project and the eventual settlement and the final resolution of the dispute in relation to the Project. This was the first of several billion dollar claim against Government of India brought under a Bilateral Investment Treaty. The following are noteworthy.
• Acted for the Government of India in the biggest ever, US$ 6.5 billion arbitration claim against GOI in relation to the Dabhol Power Project. This was the first ever BIT claim brought
against India by GE and Bechtel as shareholders of DPC. The arbitration proceedings were under UNCITRAL Rules.
• Acted for GOI against a Dutch entity OPP, as a shareholder to the Dabhol Project.
• Acted for GOI against the seven offshore lenders to the Dabhol Power Project.
• Acted for Government of India against Overseas Protection Investment Corporation in relation to OPIC claims against Government of India alleging expropriation.
• Acted for Government of India (GOI) in a BIT arbitration where a White Industries Ltd. an Australian entity initiated a BIT arbitration against GOI arising from its contract with an Indian
public sector company namely Coal India Limited.
• Advised the Zambian Government as Counsel in an UNCITRAL arbitration concerning a claim for alleged expropriation of foreign investments.
COMMERCIAL/ CONTRACTUAL DISPUTES
International
• Acted for Government of India in an UNCITRAL arbitration initiated by Cairn Energy having its registered in Scotland and Australia. Venue of the proceedings was London, United
Kingdom. Assisted in settling the matter successfully after it went into arbitration.
• Acting for Ministry of Petroleum, Government of India in a multi billion dollar UNCITRAL arbitration initiated by two Oil and Gas Exploration and Production companies incorporated in
Cayman Island namely Reliance Industries Limited and BG Exploration and Production India Limited.
• Advised M/s. Indiabulls Financial Services Limited against twenty nine (29) companies for default of repayment of loan amounts disbursed under Loan-cum- Pledge Agreements.
• Advised a Korean Construction Company in an arbitration against an Indian company.
• Advised a UK based international development company in an arbitration against an Indian State Government.
• Advised a Bangladesh-based Government Power Company in a Euro 15 million claim with a foreign investor in an arbitration having its seat in Singapore governed by the UNCITRAL
Rules.
• Advised Hitachi (Arbitration/Commercial Court proceedings).
• Defending a multi-million dollar claim in arbitration proceedings against a London based company engaged in the business of Petrochemicals.
• Defended a US based company in arbitration proceedings in relation to a multi million dollar claim against them by a public sector company in India.
• Acted for an Italian power generation company in an arbitration against an Indian mining company.
• Ministry of Defence - Six separate arbitration proceedings initiated by Denel Pty Ltd., a company incorporated under the laws of South Africa, against Government of India in relation
to termination/holding of contracts by the Ministry Of Defence. The total value of the contracts amounts to more than 5 million dollars.
• Government of India - Arbitration proceedings initiated by APTEC, against the Government of India for having withheld amounts in relation to damages and warranty claims of GoI.
• Carl Zeiss Jena GmBH- a company incorporated under the laws of Germany pursuant to disputes with the Gorakhpur Development Authority. Represented Carl Zeiss and apart from
our representation before the Tribunal on behalf of Carl Zeiss, we also advised the client on working out a possible settlement with GDA.
• Represented Balli Petrochemicals, UK - Arbitration proceedings have been initiated by the parties for the adjudication of the disputes.
• Represented a South African pharmaceutical company in a multi-million dollar claim in arbitration proceedings against an Indian pharmaceutical company.
• Acted for Saipem, a Portugal based subsidiary company of an Italian company with respect to the arbitration proceedings in a dispute against Gujarat State Petroleum Corporation.
• Acted for Steel Authority of India Ltd against AMCI Pty and Vale Pty in relation to a breach of contract for supply of broadleaf coking coal leading to a successful ICC Award of Rs.
750 Crores.
• Acted for MMTC against M/s Land Sea and Air Transport Ltd, a Company based in Hong Kong.
• Acting for Hebei Mountain Shipping Company Limited, a company based in Hong Kong against Mercator Lines Limited for a demurrage claim.
• Acting for Kuwait Airways Corporation in their claim against Indian entity and successfully got an award in their favour.
Domestic
The dispute resolution group of the Firm has acted for a broad spectrum of clients. The arbitration team has a diverse domestic clientele ranging from the Government to Public Sector Undertakings to private organisations in the corporate and financial sectors. The team has been exposed to varied issues and has successfully handled arbitrations relating to the construction industry, infrastructure, maritime arbitration and other corporate/ commercial issues.
• Man Industries- Arbitration proceedings in relation to encashment of Bank guarantees against Indian Oil Corporation Ltd.
• Represented Government of India, Department of Fertilizers in arbitration proceedings initiated by Zuari Maroc Phosphates Ltd. against the Government of India in relation to the
disinvestment of Paradeep Phosphates Ltd. Zuari. The dispute related to a claim of over Rs. 150 crores against the Government of India under the Share Purchase agreement dated
28.02.2002 pursuant to the disinvestment of paradeep Phosphates Ltd.
• Acting for M/s. India Bulls Power Limited in an arbitration claim initiated by M/s Tata Power Trading Company Limited in relation to disputes arising out of the Power Purchase
Agreement executed between the parties.
INSTITUTIONAL ARBITRATION EXPERTISE
FoxMandal lawyers frequently serve as client advocates under the following rules of International Arbitral Institutions:
> International Chamber of Commerce (ICC).
> Council of Arbitration for Sports (CAS).
> London Court of International Arbitration (LCIA).
> Singapore International Arbitration Centre (SIAC).
> Indian Council of Arbitration (ICA).
> United Nations Commission on International Trade Law (UNCITRAL).
> WIPO Arbitration.
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