High Court of Delhi, New Delhi, India. Credit: Kabir/Adobe Stock India as an Emerging Hub for International Arbitration
The Delhi High Court recently established a significant precedent by clarifying third-party funders cannot be held liable to pay adverse awards, and here's how it will change the landscape of arbitration in the country.
August 27, 2023 at 11:30 PM
4 minute read
Expert Opinion
In the recent case of Tomorrow Sales Agency Ltd v SBS Holdings Inc, a Division Bench of the Delhi High Court ruled that those who provide third-party funding are not liable to pay adverse awards in arbitration claims. This is a landmark ruling which will change the landscape of arbitration in India, and is indicative of a shift in the Indian legal system to become more conducive to arbitration and mediation.
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