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India – Jet Airways And Etihad Airways To Agree To Arbitration Under Indian law.

6 February, 2014

 

Legal News & Analysis – Asia Pacific – India – Dispute Resolution

 

Jet Airways (“Jet“) and Etihad Airways (“Etihad“) have proposed to enter into a contract whereby Jet proposes to sell 24% of its stake to Etihad. The Foreign Investment Promotion Board has provided conditional consent for this deal based on certain riders. One of the conditions is that all shareholder disputes and disputes under the shareholder agreement would have to be adjudicated under Indian law (rather than English law, as previously proposed). The FIPB however stated that any other arbitration not in relation to shareholder disputes could be resolved via arbitration under English law.

 

herbert smith Freehills

 

For further information, please contact:

 

Nicholas Peacock, Partner, Herbert Smith Freehills

nicholas.peacock@hsf.com

 

Alastair Henderson, Partner, Herbert Smith Freehills

alastair.henderson@hsf.com

 
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