Fifth IBA India Litigation and ADR Symposium 2026
27 Nov - 28 Nov 2026
Session information
Plenary session two: Can law keep pace with economic development?
Saturday 28 November (0930 - 1045)
Description
SpaceX made history with an $86bn IPO, nearly double the GDP of South Africa where its CEO, Elon Musk, was born. Big money creates big disputes, raising ethical questions about justice delivery, constitutional principles and whether our judiciary can be truly independent. India is the world’s fastest-growing major economy, with recent IPOs in India showing unprecedented growth. But its legal infrastructure, such as the Indian Contract Act (1872), is mostly built on statutes drafted for a different era. This law now governs commercial relationships, technology platforms and cross-border transactions. The framers of these laws could not have anticipated today’s technological advancements, how agreements are made or even how quickly some businesses need disputes resolved. Insolvency reform took decades, data protection took longer and AI regulation is still incomplete. Contract enforcement remains slow, regulatory frameworks cannot develop even as their implementation is debated, the Courts are asked to resolve disputes arising from business models that the law has yet to name. This session asks the fundamental question that sits beneath every other discussion at this Symposium: is India’s legal system — its courts, its statutes and its regulatory architecture — keeping pace with the economy it is meant to serve, or is the gap between legal capacity and economic ambition becoming a constraint on growth?
Speakers
| VARUN SINGH | Foresight Law Offices India, New Delhi, Delhi, India |