Topic: Third-party funding

Fight over spoils of Vietnam claim to be arbitrated

A US court has ruled that a lawsuit brought against King & Spalding by a former client over the division of the proceeds of a US$45 million investment treaty award against Vietnam should go to arbitration.

13 January 2022

Burford recruits Calunius co-founder

Mick Smith, one of the co-founders of disputes funder Calunius Capital, has joined rival funder Burford Capital as principal in London.

05 January 2022

VIAC announces new secretary general

Irish national Niamh Leinwather is to take over as secretary general of the Vienna International Arbitration Centre as her predecessor Alice Fremuth-Wolf joins Swiss disputes funder Nivalion to head its office in the Austrian capital.

14 December 2021

Uruguay chases ICSID claimant over costs award

Uruguay has asked a US court to enforce an ICSID award requiring a Florida telecoms company to pay nearly US$6 million in costs following an unsuccessful treaty claim that was backed by a third-party funder.

07 December 2021

Third-party funding in India: principles and challenges

Shaneen Parikh and Anand Mohan of Cyril Amarchand Mangaldas consider third-party funding in India and the practical challenges it faces, while calling on the government to acknowledge its legality and make it available to litigants in the wake of covid-19.

16 November 2021

Ex-SIAC South Asia head launches funding consultancy

Pranav Mago, the former head of the Singapore International Arbitration Centre’s South Asia desk, has launched one of Asia’s first litigation finance consultancies.

03 September 2021

Third-party funding gets “super priority” status in Singapore restructuring

A Singapore court has ruled that funding provided by Omni Bridgeway to help a struggling commodity trader pursue an arbitration in Hong Kong should be granted super-priority status in the context of the trader’s debt restructuring.

03 September 2021

Australian investors settle mining claim against Egypt

Australian investors have settled a third-party funded ICSID claim against Egypt over the alleged expropriation of their stake in a mining project.

31 August 2021

King & Spalding sued by client in funded BIT case

A Dutch national who won a US$45 million investment treaty award against Vietnam is suing his arbitration counsel King & Spalding, accusing the firm of colluding with third-party funder Burford Capital to cheat him out of his due share of the proceeds.

15 June 2021

UNCITRAL publishes proposals to reform funding of ISDS

UNCITRAL has published proposals for reforming the use of third-party funding in investor-state dispute settlement – including models for regulation, a code of conduct, disclosure requirements and potential sanctions.

27 May 2021

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