Thursday, December 2, 2010

IPL arbitration - some updates

We had previously reported that the claims arising from the decision of the Board of Control for Cricket in India ("BCCI") to terminate the franchise agreements with Rajasthan Royals and Kings XI Punjab were moving towards arbitration. The arbitral proceedings in respect of the two teams, with Justice (Retd.) B.N. Srikrishna as the sole arbitrator in both the cases, have taken two divergent courses.

Justice Srikrishna recused himself from the arbitration in respect of the termination of the Kings XI franchise. This was consequent to his revelation that during his practice as an advocate, he had represented Bombay Dyeing,  whose owner Ness Wadia has a stake in Kings XI. The revelation was followed by a statement by the BCCI that it had 'reservations' in the matter.

In the arbitration regarding Rajasthan Royals, Justice Srikrishna has granted an interim measure staying the termination of the franchise. This will enable the team to participate in IPL 4 including the ongoing signing up of 'marquee players' which is expected to be completed by December 6 and player auctions thereafter. Further, the interim stay is to be effective for six weeks. BCCI has approached the Bombay High Court against this stay. 

Image from here under Creative Commons License 2.0

1 comment:

  1. a nice post so keep posting. thanks for sharing this post....


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