International arbitration
VIJAY K. TEOTIA
(Querist) 25 May 2010
This query is : Resolved
In an agreement with foreign company, which law will govern the performance and execution of agreement. the place of execution is a foreign country. indian company will provide consultancy services along with deputing its employees for technical working of the foreign company. further for arbitration at a neutral country by which law such proceedings will be governed.
Guest
(Expert) 25 May 2010
The jurisdiction and laws are upto the choice of the parties concerned. However, if you are having upper-hand in the contract, seek 'Indian Laws & Jurisdiction'. (A difficult thing in choosing the jurisdiction is 'execution of court decree' in case of any dispute).
For arbitration at a neutral country, it is better to mention in the agreement that the 'international commercial arbitration rules shall govern'.
