Arbitration Agreement Valid Without Specifying 'Applicable Law', 'Seat' or 'Venue' If Intent to Refer Dispute to Private Tribunal Is Clear: Calcutta High Court

The Calcutta High Court bench of Justice Shampa Sarkar has made a significant ruling stating that for an arbitration agreement to be binding, it is not necessary for the clause to mention the applicable law, seat, or venue. The Court held that as long as the arbitration clause indicates that both parties agreed to refer any dispute to a private tribunal for resolution, it constitutes a valid arbitration agreement. Brief…