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Pt 1: Indian Public Policy Enabling Foreign Award Enforcement

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

Pricol Ltd leads gainers in A group

Apar Industries Ltd, Ingersoll-Rand (India) Ltd, Praj Industries Ltd and Apollo Pipes Ltd are among the other gainers in the BSE s A group today, 26 April 2021. Apar Industries Ltd, Ingersoll-Rand (India) Ltd, Praj Industries Ltd and Apollo Pipes Ltd are among the other gainers in the BSE s A group today, 26 April 2021. Pricol Ltd spiked 12.35% to Rs 81.85 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 5.74 lakh shares were traded on the counter so far as against the average daily volumes of 82198 shares in the past one month. Apar Industries Ltd soared 11.98% to Rs 508.05. The stock was the second biggest gainer in A group. On the BSE, 42794 shares were traded on the counter so far as against the average daily volumes of 3974 shares in the past one month.

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