Recently, the Delhi High Court refused to hold a third-party funder liable for furnishing security in enforcement of a foreign award, ruling that the funder — not being either a party to the arbitration agreement, the arbitration, or the eventual award — could not be “mulcted with liability, which they have neither undertaken nor are aware of”. Continue Reading Third party Funding – A funder remains a ‘Third Party” and not a ‘Party’ to the arbitration or award
Shaneen Parikh
Shaneen Parikh, Partner and Head of International Arbitration at the Mumbai office of Cyril Amarchand Mangaldas. Shaneen has over two decades of experience is a qualified to practice as an advocate and solicitor in India. She is also qualified as a solicitor in England & Wales, and a Registered Foreign Lawyer of the Singapore International Commercial Court. Shaneen specialises in complex commercial disputes, often involving cross-border issues. She has represented parties in several institutional and ad hoc arbitrations, both in domestic and foreign seats. Shaneen’s experience encompasses some precedent setting litigations in India, relating to securities / commodities trading and transactions which have been among the first of their kind. She is a member of the SIAC Court of Arbitration and on the Arbitration Council of the MCIA. She can be reached at shaneen.parikh@cyrilshroff.com