The Arbitration and Conciliation Act, 1996 (‘the Act’) does not provide for Emergency Arbitrator under Section 2(d) of the Act. Under Section 9 of the act, the courts may grant interim measurers in a domestic as well as foreign seated arbitration. The parties may also choose a pathway of Section 17(2) to enforce the emergency award.
Third-party funding in arbitration
Third-Party Funding is funding process by which a third-party financer lends capital to a party in a suit in exchange for a percentage share of the probable award on the outcome of the case.