In the realm of commercial disputes, debates pertaining to awarding of interest remains constant. For every business that deals with contracts, clauses pertaining to ‘No Interest’ are meticulously drafted to avoid financial liabilities that may arise in future. However, the real test of the clause begins when the claim is before an arbitral tribunal. Recently, the Supreme Court in Oil and Natural Gas Corporation Ltd. v. G & T Beckfield Drilling Services Pvt. Ltd.1analysed Section […]

As artificial intelligence (AI) continues to evolve and integrate into various aspects of legal practice, counsel and arbitral tribunals drawing up their Terms of Reference (TOR) establishing the terms of the dispute being referred to arbitration and also formulating their procedural orders should consider the implications of AI. This client alert highlights the importance of addressing AI in TOR negotiations and provides an overview of likely topics international arbitration practitioners can expect to treat […]