Insights

Assessing the Response to Surety Bonds and the Way Forward

The surety bonds are designed to provide financial stability and confidence by ensuring that contractual obligations are met. They have the potential to unlock the capital that usually gets blocked in bank guarantees during infrastructure project financing while simultaneously maintaining the confidence of project owners. Additionally, by moving the risks of long-term infrastructure project financing away from banks to insurance companies, i.e. entities which do not rely on public deposits to fulfil these obligations, there is better allocation of risk in the economy. In this way, surety bonds are expected to take risk away from banks and protect the taxpayers from the loss of public funds. This paper examines the nature of this new instrument

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Institutional Arbitration Rules: A Comparative Analysis

Determination of disputes through arbitration has become one of the most commonly employed, and popular mechanisms for resolving commercial disputes. Whilst opting for an arbitral remedy, parties often prefer institutional arbitrations, as opposed to the ad-hoc mechanism, owing to their rule-based procedural predictability, and tighter deadlines. The purpose of this Handbook, is to serve as a ready reckoner for any party in understanding the applicable rules under some of the most popularly employed arbitral institutions, such that they may select an institution which is best tailored to their specific needs.

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