Sinosteel Equipment & Engineering (Sinosteel) recently obtained an arbitral award in their favour in an international arbitration before the International Chamber of Commerce (ICC) against MSPL Limited, an India iron ore processor and exporter.
Sinosteel was represented by the India law firm Singhania & Partners. The team was led by the firm’s managing partner, Ravi Singhania, along with partner Shambhu Sharan and senior associate Shashank Bhansali.
Regarding key points that other companies can learn from this case, Singhania told Asia Business Law Journal: “If they have claims against a contractor, they should make a first move for arbitration within the limitation period, and not wait for [the] contractor to commence arbitration to claim outstanding dues.”
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