Topic: Third-party funding

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

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

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