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If there are one or more non-resident parties to the shareholders’ agreements, any law applicable to the parties can be included in resolving disputes. However, if any judgment is passed against an Indian party in a foreign court, for such judgment to be enforced in India, a fresh suit on the judgment should be filed in India, if such foreign co...
Wazzeer Professional Network
ProfessionalIf there are one or more non-resident parties to the shareholders’ agreements, then will the resolution of disputes be done w.r.t to the foreign country laws?
-
Wazzeer Professional Network
ProfessionalIf there are one or more non-resident parties to the shareholders’ agreements, any law applicable to the parties can be included in resolving disputes. However, if any judgment is passed against an Indian party in a foreign court, for such judgment to be enforced in India, a fresh suit on the judgment should be filed in India, if such foreign country does not have a reciprocity arrangement with India.
In case you need any assistance in legal or accounting or secretarial services, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get your Wazzeer"
over 4 years ago
View answer
If there are one or more non-resident parties to the shareholders’ agreements, then will the resolution of disputes be done w.r.t to the foreign country laws?
-
Wazzeer Professional Network
ProfessionalIf there are one or more non-resident parties to the shareholders’ agreements, any law applicable to the parties can be included in resolving disputes. However, if any judgment is passed against an Indian party in a foreign court, for such judgment to be enforced in India, a fresh suit on the judgment should be filed in India, if such foreign country does not have a reciprocity arrangement with India.
In case you need any assistance in legal or accounting or secretarial services, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get your Wazzeer"
over 4 years ago
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