Daiichi Sankyo Tells Supreme Court It Is Still Struggling to Execute Foreign Arbitral Award
· Business · Bar and Bench
Japanese pharmaceutical firm Daiichi Sankyo informed the Supreme Court that it has been struggling for a decade to execute a foreign arbitral award. The case stems from an ongoing legal dispute involving the execution of the arbitration ruling in India. The bench heard submissions regarding the prolonged enforcement proceedings. The proceedings highlight the challenges foreign entities face in executing international arbitral awards within the Indian judicial framework. The court is yet to issue a final order on the matter.
Why it matters
The case carries significant implications for foreign investors and cross-border commercial arbitration enforcement in India, testing the reliability and speed of the Indian judicial system in upholding international awards.
Read the original report — Bar and Bench
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