State-run Oil and Natural Gas Corp. Ltd (ONGC) will not engage in arbitration in public procurement contracts if the disputed amount exceeds ₹10 crore, days after peer Oil India Ltd (OIL) said it would opt out of this expensive dispute resolution process following a finance ministry advisory. Our Partner (Head – International Arbitration) Shaneen Parikh shares her views on this in an article published by Livemint Lounge. (Photo Credit: Livemint)
