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Third-Party Funding

Slovakia claimants ordered to name funder

Slovakia claimants ordered to name funder

Premium article - 21 August 2015

Recently published documents in an ICSID case against Slovakia reveal that the tribunal ordered two mining companies to identify the third-party funder backing their claim but refused to order security for costs or the termination of criminal proceedings.

Tribunal orders disclosure of funding in ICSID case

Tribunal orders disclosure of funding in ICSID case

Premium article - 17 June 2015

In what is thought to be a first, an ICSID tribunal has ordered Turkish investors to disclose any third-party funding arrangements in a US$300 million claim against Turkmenistan.

Funder joins Kyrgyzstan claim as freeze on state assets is lifted

Funder joins Kyrgyzstan claim as freeze on state assets is lifted

Premium article - 12 June 2015

Canadian mining company Stans Energy has secured third-party funding for a new arbitration against Kyrgyzstan, as a freezing order it had obtained against Kyrgyz state assets in Canada is overturned.

Argentina faces new claims over YPF

Argentina faces new claims over YPF

Premium article - 08 May 2015

Burford Capital is financing a multibillion-dollar lawsuit against Argentina over its nationalisation of oil and gas operator YPF, with an investment treaty claim against the state expected to follow.

Serial ICSID claimant faces sanction for not paying security for costs

Serial ICSID claimant faces sanction for not paying security for costs

Premium article - 30 April 2015

US oil company RSM must comply with an order that it pay St Lucia security for costs within six months or its ICSID claim against the state will be dismissed, a tribunal has ruled.

MONEY COLUMN: Is third-party funding only for claimants?

Premium article - 17 February 2015

Mark Kantor, an independent arbitrator in Washington, DC, considers how respondents in international arbitrations can avail themselves of third-party funding in the form of insurance products.

Burford acquires asset recovery firm

Burford acquires asset recovery firm

Premium article - 30 January 2015

Third-party funder Burford Capital has acquired UK-based asset recovery firm Focus, expanding its ability to help clients collect on judgments and awards.

Co-arbitrators give verdict on Griffith’s funding comments

Co-arbitrators give verdict on Griffith’s funding comments

Premium article - 20 November 2014

GAR has obtained a copy of the decision declining to disqualify Australian arbitrator Gavan Griffith QC from an ICSID case against St Lucia over views he expressed that claimants backed by third-party funders should be liable for security for costs in investor-state cases.

A storm over St Lucia

Premium article - 25 October 2014

An ICSID decision awarding security for costs to the Caribbean island of St Lucia saw Gavan Griffith QC highlight the problem of litigation funders sharing the benefits of successful arbitration claims, while not bearing the adverse costs consequences should the claim fail. Alison Ross reports

Griffith not biased against funders, rules panel

Griffith not biased against funders, rules panel

Premium article - 24 October 2014

Australian arbitrator Gavan Griffith QC will continue to hear an ICSID claim brought by US oil company RSM against St Lucia, after a challenge to his position on the tribunal based on his alleged bias against third-party funders and their clients was rejected.