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Third-Party Funding

Singapore’s seismic shift on funding

Singapore’s seismic shift on funding

Premium article - 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

Premium article - 24 May 2017

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

The first weeks of funding in Singapore

The first weeks of funding in Singapore

Premium article - 20 March 2017

Singapore has quietly permitted third-party funding of international arbitration but funders are likely to be wary of taking on cases for some time, in part because of difficulties in enforcing awards in the region.

Funded ICSID claim against Colombia goes ahead

Funded ICSID claim against Colombia goes ahead

Premium article - 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

Premium article - 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.

ICSID claim against St Lucia dismissed

ICSID claim against St Lucia dismissed

Premium article - 27 July 2016

US oil company RSM’s US$200 million claim against the Caribbean state of Saint Lucia is at an end after the company failed to pay US$750,000 security for costs, as ordered by the tribunal in an ICSID first.