Read more about Dishman Carbogen Amcis Ltd leads losers in A group on Business Standard. S H Kelkar & Company Ltd, Hindustan Construction Company Ltd, Take Solutions Ltd and Hil Ltd are among the other losers in the BSE s A group today, 01 June 2021.
India is one of the few jurisdictions to statutorily define public policy through the Arbitration and Conciliation Amendment Act, 2015. Within the definition of public policy, India has statutorily included the grounds of fraud, corruption, fundamental policy of Indian law and basic notions of justice and morality.
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
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TODAY
April 17, 2021
The Federal Government on Saturday assured Lagos residents that section one of the ongoing reconstruction/rehabilitation of the Apapa-Oshodi-Ojota-Oworonsoki Expressway project would be completed within three weeks.
The Federal Controller of Works in Lagos, Mr Olukayode Popoola, who gave the assurance during a joint inspection with the Nigerian Ports Authority (NPA), said section one of the road would be opened afterwards.
Popoola said that the rehabilitation works, which had been divided into four sections, were to ease port congestion and gridlock at the Apapa axis.
Newsmen report that section one spans from Liverpool Round through Creek Road to Beachland near Sunrise and is about 10 kms, while section two is 8.4 km and spans from Beachland to Cele Bus Stop.