Dispute Resolution Hotline
March 03, 2020
UAE judgments find their way to execution in India

 

This article was originally published in the 27th February 2020 edition of

According to official records, the UAE has invested over US$ 5 billion in India through FDI (Foreign Direct Investment) and FII (Foreign Institutional Investors) routes which makes UAE one of the top investors in India; India is also a third largest investor in UAE. As per an estimate published by the Indian Embassy, there has been a growth of 20.09% in India-UAE trade in 2018-19.

Such steep rise in the number of cross-border transactions between India and UAE has also resulted in a proportionate rise in commercial disputes. This has further necessitated efficient methods of dispute resolution, and enforcement of consequent decrees in both the countries. Therefore, in the absence of an effective enforcement mechanism, securing a judgment from courts may only be a battle half won.

This article discusses the transition in the procedure applicable to execution of judgments from UAE courts in India pursuant to a recent notification issued by the Central Government of India, and the implications thereof.

For compete article, please click here.

 
Shweta Sahu

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

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Dispute Resolution Hotline

March 03, 2020

UAE judgments find their way to execution in India

 

This article was originally published in the 27th February 2020 edition of

According to official records, the UAE has invested over US$ 5 billion in India through FDI (Foreign Direct Investment) and FII (Foreign Institutional Investors) routes which makes UAE one of the top investors in India; India is also a third largest investor in UAE. As per an estimate published by the Indian Embassy, there has been a growth of 20.09% in India-UAE trade in 2018-19.

Such steep rise in the number of cross-border transactions between India and UAE has also resulted in a proportionate rise in commercial disputes. This has further necessitated efficient methods of dispute resolution, and enforcement of consequent decrees in both the countries. Therefore, in the absence of an effective enforcement mechanism, securing a judgment from courts may only be a battle half won.

This article discusses the transition in the procedure applicable to execution of judgments from UAE courts in India pursuant to a recent notification issued by the Central Government of India, and the implications thereof.

For compete article, please click here.

 
Shweta Sahu

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.