Many of the traders, business houses, industries, service providers get stuck with their money after exporting, providing services to customers, clients located abroad. The difference or dispute may may also aries related to the quantity or quality of goods or services. This book provides to them the way in which they can safeguard their money dues and also resolution of disputes or differences that have arised in international business transactions by taking them through the available legal avenues.
In commercial parlance, economics, commerce and law have come a long way hand in hand over the last few decades. The existing global market to function effectively depends on the local systems to stand tall and keep sailing. I realized it is only when we are presented with such multifaceted situations in every day commercial transactions one has to look at the broader scenario of the system requires. Knowledge is the key. A basic and through understanding of the existing legal framework in each country with an international dimension is one definite way to make international commercial activities a smooth sail.
Inside Asia, there is a variety of conflict of laws, even though they are parties to various treaties and conventions. The practical aspect of enforcing foreign awards varies with the respective jurisdictions in which it is enforced and has to read along with the Arbitration Laws. In this book an attempt is made to gather scattered but relevant information country-wise and bring to you varying facets of efficiently implementing foreign awards and the process of how it would be enforced. Importantly, this series covers the way Arbitral Institution and Courts perceive and how it is implemented. The complete process of implementation, the applicable laws till final execution of such awards along with concepts of Mutual Legal Assistance and Investment Arbitration is covered coupled with operative orders of respective Governments.
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