Bank Guarantees: Encashment and remedies on encashment
Bank guarantees are an integral part of a contract, but these have been encashed under dubious circumstances in a number of cases. Prachi Manekar examines the legal recourse available to aggrieved parties.
Prime Minister, please
By the time this issue reaches your hands, the new government would have taken over. Which are the burning issues in the infrastructure space that have to be tackled on an urgent basis?
India gets green signal for Kishanganga dam
India has been allowed by the International Court of Arbitration to construct the Kishanganga dam in Jammu and Kashmir. Pakistan has raised its objections over the project. The court delivered its final award on December 20 after India requested clarification of an order issued by it in February.
Assistant General Manager-Contracts (15-20 Years)
Candidates with 15-20 years experience in handling Construction contracts involving contract interpretation, variations, claims with clients. Knowledge of Build Operate and Transfer contracts and experience of arbitration is desirable.
Ironies have a way of getting lost in the rodomontade that is economic development rhetoric. On August 9, 2013, 68 years after the world's first atomic bomb was dropped on Nagasaki and paved the way for the Japanese city and nation to rise from the ashes in an exemplary case of reconstruction, the closed-group round table discussion dubbed 'Quick Solutions to Bridge Project.
Dispute resolution: Is the intent right?
A closed-group discussion was recently conducted by ASAPP Media in Mumbai on how the dispute resolution mechanism in India can be strengthened to help fast-track infrastructure project execution.
Enforcing foreign awards
In today's world of shrinking boundaries, free trade and international commerce have become global necessities. Increasing FDI and other forms of collaboration by foreign companies often witness commercial disputes between the collaborating parties.
Matter of jurisdiction
Beginning this month, CW will be examining legal issues related to the construction and infrastructure sector through recent case studies. In the first, AJAY THOMAS emphasises the need for Indian projects involving international parties to rightly decide on the place of arbitration.
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