In the dispute resolution process, the enforcement of an arbitral award or a judgment of court is often one of the more daunting challenges. It may be difficult in certain situations to obtain information regarding the counterparty’s assets so as to plan for a strategy of enforcement.
In the course of a commercial dispute, there are often issues regarding the proper forum for dispute resolution. Parties may disagree over which court has jurisdiction over the dispute, or whether the dispute should be submitted to arbitration or litigation. Anti-suit injunctions are thus vital to prevent concurrent proceedings in multiple forums.
A court order granting an extension of time for commencing arbitration proceedings is less than common. In Times Trading Corporation v National Bank of Fujairah (Dubai Branch) [2020] EWHC 1983 (Comm), the English High Court allowed an application for such an extension.
Following service of a statutory demand, if no payment is received, a claimant can ordinarily commence winding-up proceedings against the respondent. However, if the debt is disputed and falls within the scope of an arbitration clause, the court ought rightly to grant an injunction to restrain winding-up proceedings.
When a dispute is submitted to arbitration, the basis of the tribunal’s jurisdiction is the agreement of the parties. However, certain issues arise when one of the parties to the arbitration is a minor. Can a binding award be issued against a minor, and can it be enforced in the domestic courts?
Please contact the editorial team at arbitrationasia@rajahtannasia.com.
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