PAK LAW GPT — Pakistan Case Law AI justice scale emblemPAK LAW GPTCase law · Urdu & English

POSCO INTERNATIONAL CORPORATION vs RIKANS INTERNATIONAL through Managing Partner/Director art — 2023 CLD 189 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2023 CLD 189 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2023
Reporter
CLD
Parties
POSCO INTERNATIONAL CORPORATION vs RIKANS INTERNATIONAL through Managing Partner/Director art

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

POSCO INTERNATIONAL CORPORATION VS RIKANS INTERNATIONAL through Managing Partner/Director art. V (1)(b) of Schedule--- Term "public policy"--- Effect---Recognition and enforcement of an arbitral award may be refused if competent authority in the country finds that the award would be contrary to the public policy of that country---Term "public policy" has been subject of interpretation of Courts all around the world and still remains an extremely fluid term not capable of definite meaning---Concept of public policy gained wide-ranging and polycentric traction and scope of its application became broader---Same principles have been used interchangeably for both foreign and domestic awards losing sight of the purpose and intent in enacting law for enforcement of foreign awards to which different set of principles narrower in scope, must by applied---Such is necessary to maintain integrity of international commercial contracts and trust in Pakistani Courts to enforce foreign awards---Trust may be shaken irretrievably if Courts of Pakistan are to evince an anti-enforcement policy by seeking shelter in nebulous concept of "public policy".

Other judgments reported in 2023 CLD

Back to the case-law library · Search Pakistani case law in Urdu or English