Topic: Third-party funding

African diversity champion joins Burford board

Rukia Baruti, a long-time promoter of diversity in arbitration and the secretary general of the African Arbitration Association, has joined the board of Burford Capital.

09 August 2022

California businessman can bring late challenge to Burford award

An English court has said a California businessman is not too late to challenge an LCIA award that requires him to pay more than US$60 million in compound interest to a subsidiary of Burford Capital for breach of a litigation funding deal.

13 July 2022

Pi gets a slice of Cleary with London hire

Third party funder Profile Investment, known as “Pi”, has bolstered its London office with the hire of Cleary Gottlieb Steen & Hamilton counsel Cameron Murphy, who was part of the team that defended Russia in the Yukos arbitrations.

30 June 2022

ICSID releases new rules

ICSID has released its new rules for investment disputes, which will take effect in a week’s time – bringing to an end what it calls the “most significant procedural modernisation” in its history.

23 June 2022

Burford wins enforcement against Kyrgyzstan

A Burford Capital subsidiary has won default judgment in its bid to enforce a US$25 million investment treaty award against Kyrgyzstan after the state failed to show up for the US proceedings.

15 June 2022

Funder sues treaty claimant after settlement with Egypt

A disputes funder that provided initial financing for an investment treaty claim against Egypt before going bankrupt is now suing the successful claimant for a share of the settlement proceeds.

20 May 2022

Legal finance and success fees in arbitration

As Hong Kong’s legislature considers a bill to allow success fees in arbitration, Kathryn Sanger and Briana Young of Herbert Smith Freehills and Emily Tillett of Burford Capital consider how such fee structures may intersect with the legal finance industry.

13 May 2022

Mining company markets crypto tokens to fund ICSID claim

Crypto investors are being asked to fund a US$13 billion ICSID claim against Slovakia that will be refiled “imminently” by a US mining company – five years after the original case was thrown out.

22 March 2022

Malaysia ordered to pay US$15 billion

A Spanish arbitrator has ordered Malaysia to pay US$14.92 billion plus interest and costs to the heirs to a sultanate on the island of Borneo, while criticising the state’s “intimidatory and coercive” tactics against him.

28 February 2022

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

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