• Search

Third-Party Funding

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.

Crystallex funder backs Colombia claim

Crystallex funder backs Colombia claim

Premium article - 25 July 2016

A New York private equity firm that reaped a record return by financing an ICSID case against Venezuela has agreed to fund a Canadian mining company’s looming treaty claim against Colombia.

Dominican Republic triumphs in DR-CAFTA claim

Dominican Republic triumphs in DR-CAFTA claim

Premium article - 01 June 2016

An ICSID tribunal has thrown out a US mining investor’s third-party funded case against the Dominican Republic after ruling that the US$100 million claim was time-barred.

Funder hires for New York opening

Funder hires for New York opening

Premium article - 21 April 2016

A pair of disputes practitioners have left their firms to open European third-party funder Therium’s first office in the US.

Crystallex wins billion-dollar award against Venezuela

Crystallex wins billion-dollar award against Venezuela

Premium article - 05 April 2016

Canadian mining company Crystallex has won more than US$1.38 billion in a third-party funded claim against Venezuela over an investment in a gold-mining project – one of the largest awards in ICSID’s history.

GAR Live lookback: interrupting a gambler’s nirvana – the controversy over funders and security for costs

GAR Live lookback: interrupting a gambler’s nirvana – the controversy over funders and security for costs

Premium article - 01 April 2016

Should there be a strong presumption that a party using third-party funding should be required to put up security for costs?