Drafting slips sending arbitration to winding, pricier detours
The contract fineprint is becoming a costly hurdle in arbitration. Vague clauses over seat, venue and jurisdiction can send companies to court before the actual dispute is heard, stretching timelines and adding as much as 20% to costs.
Contract fine print holds significant sway over dispute resolution, including the location and expense of arbitration, according to top law firms. Ambiguous language in arbitration clauses often leads to disagreements about the appropriate venue and governing court.
Krishna Yadav, a senior correspondent at Mint focused on corporate law, explains that such drafting issues have become increasingly common in India. He joined the newsroom in 2023 following his training as a legal reporter. Krishna's expertise lies in clarifying complex legal matters for readers, particularly those affecting business operations.
His reporting delves into a range of legal topics, from tax disputes involving unusual products like coconut hair oil, to personal rights protection sought by celebrities. Krishna also monitors the evolution of India's insolvency system, scrutinizing aspects such as creditor losses and gaps in the process.
In addition to his legal work, Krishna has contributed to broader journalistic efforts, including on-the-ground reporting on the 2024 general elections, capturing the vast scale of voting across India. He balances his legal reporting with a keen interest in politics and history, regularly exploring these subjects in his writing.
Outside of work, Krishna pursues a variety of interests, including travel and reading about global affairs. Readers can stay informed with Mint's latest news by subscribing and accessing premium content.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
