Topic: Third-party funding
Burford backs revived Nigerian hydro claim
Burford Capital is funding an ICC claim against Nigeria reportedly worth US$400 million arising from the purported settlement of a prior arbitration over a hydropower project.
27 September 2022
EU parliament calls for regulation of third-party funding
The European Parliament has called for regulation of third-party funders, including a potential 40% cap on their share of recovery, an obligation to pay adverse costs, and disclosure of funding agreements.
23 September 2022
UK oil company wins ECT award against Italy
London-listed oil and gas company Rockhopper Exploration says it has won €190 million plus interest in an Energy Charter Treaty claim over Italy’s refusal to grant a concession for an oilfield on the country’s Adriatic coast.
24 August 2022
Funder backs Singapore investor’s claim against China
A Singaporean group has secured third-party funding for a US$170 million treaty claim against China over the curtailment of its phosphate mining activities to make way for a panda reserve.
24 August 2022
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