India’s decision to recognise Chinese arbitral awards is a bold step – but what happens next?
Increasingly active self-promotion will see Hong Kong make further inroads as a favoured arbitration venue
The Indian Ministry of Law and Justice has declared that arbitral awards made in China (including Hong Kong and Macau) may be recognised and enforced by Indian courts. The addition of China to India’s official list of so-called ‘gazetted’ states, which currently contains fewer than one third of the signatory states to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the ‘New York Convention’) will increase the appeal of arbitration centres in China – in particular, Hong Kong – in the context of disputes with an Indian connection.
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