• Search

Third-Party Funding

Third-party funding gets all clear in Hong Kong

Third-party funding gets all clear in Hong Kong

14 June 2017

Hong Kong has adopted long-awaited legislation expressly allowing third-party funding of arbitration and mediation in the territory for the first time.

Italy denied security for costs in solar claim

Italy denied security for costs in solar claim

14 June 2017

An ICSID tribunal has refused to order a solar power investor to pay security for costs in an Energy Charter Treaty claim against Italy, ruling that the investor’s reliance on a third-party funder following its insolvency did not make the order necessary or urgent.

Singapore’s seismic shift on funding

Singapore’s seismic shift on funding

07 June 2017

Speakers at GAR Live Singapore today reflected on a year that saw a “seismic shift” in the country’s attitude to third-party funding – which went from a mere possibility 12 months ago to a reality embedded in statute.

Irish Supreme Court maintains third-party funding ban

Irish Supreme Court maintains third-party funding ban

24 May 2017

Third-party funding remains illegal in Ireland following a ruling yesterday from the country’s highest court.

Funded ICSID claim against Colombia goes ahead

Funded ICSID claim against Colombia goes ahead

09 December 2016

Canada’s Eco Oro has made good on its threat to file a treaty claim against Colombia after being deprived of its mining rights on environmental grounds – and will be backed by funders that stand to collect around half of the arbitration proceeds.

RSM applies to annul St Lucia award over funding fuss

RSM applies to annul St Lucia award over funding fuss

22 November 2016

US oil company RSM has applied to annul an ICSID award rejecting its US$200 million claim against St Lucia, on the basis that that the tribunal went too far when it ordered payment of security for costs and an arbitrator showed bias against funded claimants.

Funder wins contempt ruling after client absconds

Funder wins contempt ruling after client absconds

Premium article - 31 October 2016

Third-party funder Therium Capital Management has won a contempt ruling against a retired trader who fled the UK with the proceeds of a litigation it financed, as it pursues an LCIA claim to recover its fees.

Hong Kong a step closer to reforming law on funding

Hong Kong a step closer to reforming law on funding

Premium article - 12 October 2016

In the wake of a consultation last year, Hong Kong’s Law Reform Commission has recommended changes to legislation to permit third party funding of arbitration and associated proceedings in the territory with appropriate safeguards.

English court approves recovery of third-party funding costs

English court approves recovery of third-party funding costs

Premium article - 20 September 2016

The English Commercial Court has upheld a partial award of ICC arbitrator Sir Philip Otton allowing a party to recover its third-party funding costs – in what is thought to be the first decision of a UK court on the issue.

Another billion-dollar award against Venezuela

Another billion-dollar award against Venezuela

Premium article - 23 August 2016

A Canadian gold mining company has won a third-party funded treaty claim against Venezuela, receiving an award totalling over US$1.2 billion.