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The aforesaid statement [1] depicts the elusive nature of ‘public policy’ in legal proceedings that draw upon its presence in statute, conventions and legal systems. The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, 1958 (“ New York Convention”) is a critical international convention that gives room for public policy considerations while assessing enforcement of a foreign arbitral award (foreign award). Article V(2)(b) of the New York Convention states: “(V)(2) Recognition and enforcement of an arbitral award may also be refused if the competent authority in the country where recognition and enforcement is sought finds that: (a) The subject matter of the difference is not capable of settlement by arbitration under the law of that country; or

New yorkUnited statesFrance generalUnited kingdomProvence alpes côd azurBrojo nath gangulyRenaud sorieulGherulal parakhMahadeodas maiyaAsha ranjanLal mahalWilliam holdsworthAlan redfern martin hunterYork convention doDelhi development authorityForeign exchange regulation