Interactions Between Domestic Courts and Investment Arbitration Tribunals

It is significant to note that investors prefer international arbitration as a preferred method to resolve their crossborder commercial and investment disputes. The reason could be arbitration is more flexible, and it allows party autonomy. Parties are re

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Role of Domestic Courts in the Settlement of Investor-State Disputes The Indian Scenario Foreword by George A. Bermann

Role of Domestic Courts in the Settlement of Investor-State Disputes

A. Saravanan S. R. Subramanian •

Role of Domestic Courts in the Settlement of Investor-State Disputes The Indian Scenario

Foreword by George A. Bermann

123

A. Saravanan Department of Humanities and Social Sciences Indian Institute of Management Indore Indore, India

S. R. Subramanian Rajiv Gandhi School of Intellectual Property Law Indian Institute of Technology Kharagpur Kharagpur, India

ISBN 978-981-15-7009-4 ISBN 978-981-15-7010-0 https://doi.org/10.1007/978-981-15-7010-0

(eBook)

© Springer Nature Singapore Pte Ltd. 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

To Family, Friends and Teachers

Foreword

Although the impetus for international arbitration—commercial and investor-state alike—is avoidance of national judiciaries, national courts are not without an important role to play in that arena. How national courts conceive of their role and the policies and practices they bring to it vary enormously from state to state. Attractive as generalizations on the subject may be, at bottom the subject must be addressed on a state-by-state basis. That is exactly what this outstanding book by A. Saravanan and S.R. Subramanian does for India, whose place in the international arbitration arena is pronounced and becoming ever more pronounced. There is no substitute for taking a granular look at the role of courts in any single jurisdiction. Mostly, we think about national courts in relation to their role in enforcing agreements to arbitrate, assisting arbitral proceed