Topic: Third-party funding

Funder chases client after Albanian bailiff seizes ICC award

The Australian disputes funder behind a Cayman oil company’s ICC claim against Albania has applied to wind up the claimant after the proceeds of the arbitration award were sequestered by a bailiff in Tirana.

04 February 2021

Indonesian coal claim dismissed in Singapore

An Indonesian company and its UK partner have defeated a third-party funded SIAC claim worth US$32 million brought over a coal mining concession on the island of Borneo.

02 February 2021

Tanzania faces latest claim over mining reforms

Tanzania is now facing three ICSID cases over the state's alleged revocation of mining licences after a Canadian company became the latest to make good on an earlier threat to bring a claim.

11 January 2021

Mega-claim against Brazil to proceed

An arbitral tribunal has reportedly upheld jurisdiction over a third-party funded claim worth up to US$35 billion brought against Brazil by a minority shareholder in Petrobras over losses the state-owned oil company sustained as a result of the Lava Jato corruption probe.

25 November 2020

Kazakhstan hunts claimant's assets after Soviet treaty win

After defeating a US$917 million claim under a Soviet investment treaty and winning costs, Kazakhstan has applied for discovery from various US banks to track down the claimant's assets and sources of funding.

06 November 2020

Eni brings ICSID case over Nigeria corruption claims

Italian energy company Eni has launched an ICSID arbitration against Nigeria in response to the state’s allegations that its US$1 billion purchase of an oil prospecting licence was the product of corruption.

08 October 2020

Leonardo wins fight over superbug laser treatment

A subsidiary of Italian defence contractor Leonardo has prevailed in a US$225 million ICDR dispute concerning a halted project to use laser technology to combat nasal superbugs.

23 September 2020

Third-party funders launch global alliance

Six leading third-party funders have founded the first ever global association of litigation and arbitration finance providers.

14 September 2020

Albanian oilfields dispute leads to ICC award

Albania has defeated the bulk of a third-party funded ICC claim worth US$90 million brought by a US-based company concerning three oilfields.

24 August 2020

Burford buys stake in UK law firm

Burford Capital has bought a stake in a London disputes boutique, as part of a “first of its kind” transaction that will see the funder finance a portfolio of the firm’s cases.

24 June 2020

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