A well-drafted and structured arbitration clause are important to avoid any confusion especially with aspects relating to venue and seat of the arbitration under the Arbitration Act.
Recently the Supreme Court has clarified that where parties change the venue of arbitration by mutual agreement it will also become the seat of arbitration
Watch #InAMinute video, where Vasanth Rajasekaran, Partner, Phoenix Legal, shares highlights on the issue “change in venue is a change in the seat of arbitration” as held in the case of Inox Renewables Ltd vs Jayesh Electricals Ltd. And how parties must assess the effect of any change in the venue of the arbitration.
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