Arbitration Agreement Valid Without Specifying 'Applicable Law', 'Seat' Or 'Venue' If Intent To Refer Dispute To Private Tribunal Is Clear: Calcutta HC

The Calcutta High Court ruled that an arbitration agreement is valid without specifying the applicable law, seat, or venue, if the intent to refer disputes to a private tribunal is clear. The court emphasized the importance of intent over technicalities. This decision reinforces the flexibility of arbitration agreements. The ruling clarifies the requirements for valid arbitration agreements.