Sinosteel Equipment & Engineering (Sinosteel) recently obtained an arbitral award in its favour in an international arbitration before the International Chamber of Commerce (ICC) against MSPL Limited, an Indian iron ore processor and exporter.
Sinosteel was represented by the Indian law firm Singhania & Partners. The team was led by the firm’s managing partner, Ravi Singhania, along with its partner Shambhu Sharan and senior associate Shashank Bhansali.
Regarding key points that other companies can learn from this case, Singhania told China 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.”
