Delhi High Court rules that third party funder has no liability to pay costs award against a losing funded party

Andrew Cannon, Anuradha Agnihotri and Arushie Marwah of Herbert Smith Freehills summarise a recent case where a Division Bench of the Delhi High Court refused to hold a third party funder which was not a party to the arbitration agreement or the arbitral proceedings liable for an adverse costs award.

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