A "significant" rise in legal shipping cases being fought between Indian companies can be expected in London and Singapore after the country's top court eased jurisdiction restrictions.
Traditionally, in contracts between two Indian companies or nationals, the parties were bound by law to resolve disputes in India, regardless of what they might have agreed.
But this has now changed, thanks to a judgment in a case handed down by the Supreme Court of India in April that has "opened the floodgates" for disputes to be heard overseas under foreign law, leading lawyers told TradeWinds.
