India s Khaitan acquires southern boutique Assentio
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Khaitan & Co boosts South India presence with Assentio Legal bolt on
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India’s arbitration scene has been evolving of late but a large chunk of India-related disputes involving international companies are still being resolved overseas, including recently high-profiles ones featuring Amazon, Vodafone and Cairn Energy. For example, data shows that India is top of the list of countries using the Singapore International Arbitration Centre (SIAC). Lawyers feel that there are certain obstacles that domestic arbitration centres need to overcome before they can challenge their overseas counterparts.
WHY DO FOREIGN VENUES REMAIN ATTRACTIVE?
While there is no specific answer as to why foreign venues are more attractive, Thriyambak Kannan, founding partner at Assentio Legal, says that as there is a tendency for Indian clients to nominate retired high court or Supreme Court judges as arbitrators, and this tends to limit the availability of arbitrators to resolve a dispute. “The availability of a larger pool of arbitrators, including retired judges, alon