United Arab Emirates UAE
Receive Only The Best Posts Via Email
National Compnay Law Tribunal grants bankrupcy to Go First airlines. Pratt & Whitney, the American aerospace manufacturer, is reportedly set to oppose the Indian low-cost airline Go First's move to enforce arbitration in a dispute over aircraft engine payments.
Go First, formerly known as GoAir, had previously sought arbitration in Singapore over alleged defects in Pratt & Whitney's PW1100G-JM engines. They claimed that the engines were prone to in-flight shutdowns and that Pratt & Whitney had failed to address the issue adequately.
Pratt & Whitney argued that the dispute was not eligible for arbitration under the terms of the parties' agreement and sought to have the case heard in court instead.
Go First has asked the Bombay High Court to enforce the arbitration proceedings in Singapore, citing an order from the Singapore International Arbitration Centre (SIAC) that ruled in its favor. However, Pratt & Whitney is expected to challenge this move and argue that the SIAC order is not binding in India.
The case has significant implications for both companies, as well as for the wider aerospace industry. Pratt & Whitney is one of the world's leading manufacturers of aircraft engines. If the dispute with Go First is not resolved, it could potentially damage the company's reputation and lead to a loss of business.
Go First is one of India's fastest-growing airlines with ambitious expansion plans. The airline has faced significant financial challenges due to the COVID-19 pandemic and cannot afford to have a protracted legal battle with one of its key suppliers.
The case also raises important questions about the use of arbitration to resolve disputes in the aerospace industry. While arbitration can be an effective means of resolving conflicts, it is not always the best option, especially in complex cases that involve multiple parties and technical issues. In this case, it remains to be seen whether arbitration or litigation will ultimately prove to be the best way to resolve the dispute between Pratt & Whitney and Go First.
Pratt & Whitney is anticipated to oppose Go First's attempt to enforce arbitration, and the case may finally be heard in court. The resolution of this conflict will be widely monitored by many in the industry, and it may have an impact on how future disagreements are handled by aerospace firms.
For any legal queries or information, contact ask@tlr.ae or call us on +971526443004
A unified digital platform has been launched in the UAE to link federal courts with local courts, through a new project that includes data linkage and litigation affairs. UAE Minister of Justice, Abdullah Sultan bin Awad said that the project is still underway and will be activated during the last quarter of 2022. He further said that the unified digital judicial system is being developed at the national...
Andersen Global welcomed a new member firm in the UAE–Chartered House to the Andersen brand. Andersen in the UAE was founded in 2018 as a collaborating firm since 2020 and provides full-service tax compliance, regulatory compliance, risk management, and cross-border tax advisory services. Technology has been developed to provide clients with solutions that address their concerns quickly. The...
To commemorate the 50th anniversary of the UAE's founding, Instagram has launched a celebratory filter for UAE passport holders. Instagram created the filter in collaboration with the Ministry of Foreign Affairs and International Cooperation (MoFAIC) for UAE passport and Expo passport holders. UAE is the first country in the world to have this filter on the social networking site. Users can activate...
The UAE has put its best foot forward to become an environmentally conscious country of late. Recently, the Environment Agency Abu Dhabi (EAD) issued fines worth AED 328,000 for environmental violations. The fines were imposed for polluting soil, water, and air. The primary goal of the UAE's development policies is environmental protection. These policies are primarily focused on increasing green...
Recently, the Abu Dhabi Judicial Department (ADJD) highlighted both the preventive measures and the risks of cybercrime, such as online extortion. The two legal awareness lectures were delivered at the Presidency Court in collaboration with Majalis of Abu Dhabi as part of ADJD's ongoing efforts to increase legal literacy across all societal groups. The lectures took place in Al Ain's Falaj Hazaa...
US Bankruptcy Judge Michael Kaplan has handed down a ruling that could cause significant financial losses to investors who had interest-bearing accounts with BlockFi Inc. and were seeking the return of almost $300 million in cryptocurrency that was frozen by the company last year. The judge's decision dealt a severe blow to the customers' efforts, as it questioned ownership rights over the digital...