Litigation News
Third-party funders in arbitration ensure access to justice; cannot be saddled with liability they did not undertake: Delhi High Court
The Court said that third-party funders must be aware of their exposure, but enforcement of an arbitral award against them when they have not accepted such risk is not permissible.
The Delhi High Court has held that third-party funders in arbitration proceedings ensure access to justice and cannot be mulcted with liability which they did not undertake and are not aware of [Tomorrow Sales Agency Private Limited v. SBS Holding, Inc and Ors].