Topic: Third-party funding

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

Uruguay telecoms fight shifts to new front

A US company’s bid to revive a US$65 million claim against Uruguay has been discontinued at ICSID, but the claimant’s owner has threatened the state with a new treaty claim.

17 June 2020

Burford loses London Stock Exchange trading data lawsuit

Litigation financing fund Burford Capital has lost its attempt to force the London Stock Exchange to hand over information that it says could prove it was the victim of market manipulation.

18 May 2020

UK regulator closes Burford market manipulation probe

The UK’s financial markets regulator has found no evidence of an alleged spoofing attack against third-party funder Burford Capital.

02 April 2020

Rosneft subsidiary spared enforcement in Texas

A US court has ruled it has no jurisdiction to enforce a Stockholm Chamber of Commerce award worth more than US$200 million against a subsidiary of Russia’s Rosneft.

16 March 2020

Law firm defeats suit over alleged non-disclosure to funder

The High Court in London has thrown out a lawsuit that accused solicitors of breaching a litigation funding agreement by failing to tell the funder about “pessimistic” views of their barristers as to the prospects of success of the enforcement action being funded.

16 March 2020

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