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Why BFSI boards must prioritize data breach preparedness
In the EY India Insights podcast, we explore how BFSI data breach response has shifted from an IT concern to a critical board-level governance issue.
The report also identifies several areas that continue to influence confidence in arbitration and ADR. Enforcement of arbitral awards, cost management, procedural delays and institutional capability remain among the key challenges facing arbitration in India. Addressing these challenges will be critical to delivering outcomes that meet the expectations of domestic and international stakeholders. The report also assesses the impact of the Arbitration and Conciliation Act, 1996, in shaping the regulatory framework for commercial arbitration and cross-border dispute resolution in the country.
At the same time, ongoing arbitration reforms in India, growing institutional maturity, increasing acceptance of mediation and hybrid mechanisms and advances in technology are creating new opportunities to build a more sophisticated and globally competitive ADR ecosystem. The report highlights how initiatives such as the India International Arbitration Centre (IIAC), the growing prominence of domestic arbitral institutions, evolving judicial approaches and the wider adoption of technology can contribute to strengthening India's ADR landscape. It also explores how developments such as the Mediation Act, 2023 are supporting the future of ADR and mediation in India, along with institutional arbitration.
For business leaders, legal counsels, policymakers, arbitration practitioners and dispute resolution professionals, understanding these shifts is essential. The choices around institutional development, professional capability, technology adoption and user experience will influence whether India can emerge as a truly competitive global ADR hub. The report also highlights the growing role of arbitration experts and expert witnesses in addressing increasingly complex commercial and technical disputes.
The report offers a detailed analysis of stakeholder perspectives across these critical themes and provides valuable insights into the future of arbitration in India. It explores user preferences, institutional trends, technology adoption, sector-specific dispute drivers, enforcement challenges and the reforms required to strengthen confidence in the system.