Making waves: the decision in Essar v Norscot: a view from the Bar – Hardwicke Chambers

Posted November 9th, 2016 in agreements, arbitration, costs, news by sally

‘Can a successful claimant recover the costs of a funding agreement from the defendant? No in litigation but yes in arbitration, according to the Commercial Court in Essar Oilfields Services Limited v Norscot Rig Management PVT Limited. This decision has sent shockwaves through the arbitration community.’

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Hardwicke Chambers, 25th October 2016