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Third-Party Funding

Clyde & Co teams up with Australian funder

Clyde & Co teams up with Australian funder

28 March 2019

Clyde & Co has entered into an arrangement with a London-listed Australian disputes funder to help its clients “unlock new ways to manage and pay for disputes.”

Iraqi ex-minister too late to challenge treaty award

Iraqi ex-minister too late to challenge treaty award

28 February 2019

A former Iraqi government minister has been denied permission to pursue a belated challenge to an investment treaty award in favour of Pakistan in the English courts – as it emerges that a parallel set-aside action funded by Burford Capital has been discontinued.

Sidley partner moves to funder in New York

Sidley partner moves to funder in New York

27 February 2019

ArbitralWomen president Dana MacGrath has left the partnership at Sidley Austin to join New York-based litigation funder Bentham IMF as it seeks to finance more international arbitration cases

ICSID compiles responses to proposed rule changes

ICSID compiles responses to proposed rule changes

18 January 2019

ICSID has published a compendium of public comments on its proposed amendments to the centre’s rules.

Rosneft subsidiary targeted in Texas

Rosneft subsidiary targeted in Texas

15 January 2019

A Texan oil company backed by a third-party funder has asked the US courts to enforce a Stockholm Chamber of Commerce award worth more than US$200 million against a subsidiary of Rosneft that was found to have engaged in fraud in connection with a joint venture in Siberia.

Bolivia escapes bulk of treaty claim over silver mine

Bolivia escapes bulk of treaty claim over silver mine

23 November 2018

A divided tribunal has found Bolivia liable for the expropriation of a silver mining concession while awarding the third-party funded claimant significantly less than the US$385 million it had sought – prompting a separate opinion by Chilean arbitrator Francisco Orrego Vicuña shortly before his death last month.

A new "fully regulated" third-party funder opens in Paris

A new "fully regulated" third-party funder opens in Paris

02 November 2018

Former general counsel of disputes and managing director at Vannin Capital Iain McKenny has launched a new fund, Profile Investment or “Pi”, which he says will be part of a new breed of "European asset management regulated" third party funders that will be more transparent and comply with European money laundering regulations.

Uruguay faces treaty claim over collapsed airline

Uruguay faces treaty claim over collapsed airline

Premium article - 24 October 2018

After reportedly being acquired by a private equity firm known for its funding of ICSID cases, a Panamanian holding company has threatened to bring an investment treaty claim against Uruguay over the renationalisation of an airline.

Uzbekistan escapes Swiss enforcement bid

Uzbekistan escapes Swiss enforcement bid

Premium article - 22 October 2018

The Swiss Federal Supreme Court has blocked a bid by an affiliate of third-party funder Calunius Capital to enforce an investment treaty award against Uzbekistan, finding the underlying dispute did not have a “sufficient domestic connection” with Switzerland.

Vannin delays IPO after defeat in Costa Rica case

Vannin delays IPO after defeat in Costa Rica case

Premium article - 19 October 2018

Third-party funder Vannin Capital has postponed a planned initial public offering, shortly after disclosing a US$6.6 million loss on an investor-state arbitration against Costa Rica.