Knowledge Highlights 21 March 2024
Court of Appeal finds issue of limitation periods to be governed by law of the seat of arbitration
The Court of Appeal in Hindustan Oil Exploration Company Limited v Hardy Exploration & Production (India) Inc W-02(NCC)(A)-336-02/2022 considered the applicable law for determining limitation periods in an arbitration where Indian law governed the agreement between the parties and Malaysia was the seat of the arbitration.
The court held that determining limitation periods is a procedural rather than a substantive issue. The proper law to be applied would therefore be the law of the seat of arbitration.
To read the full article which provides an overview of the court’s decision, please click here.
