Topic: Third-party funding

Funder wins contempt ruling after client absconds

Third-party funder Therium Capital Management has won a contempt ruling against a retired trader who fled the UK with the proceeds of a litigation it financed, as it pursues an LCIA claim to recover its fees.

31 October 2016

Hong Kong a step closer to reforming law on funding

In the wake of a consultation last year, Hong Kong’s Law Reform Commission has recommended changes to legislation to permit third party funding of arbitration and associated proceedings in the territory with appropriate safeguards.

12 October 2016

English court approves recovery of third-party funding costs

The English Commercial Court has upheld a partial award of ICC arbitrator Sir Philip Otton allowing a party to recover its third-party funding costs – in what is thought to be the first decision of a UK court on the issue.

20 September 2016

Another billion-dollar award against Venezuela

A Canadian gold mining company has won a third-party funded treaty claim against Venezuela, receiving an award totalling over US$1.2 billion.

23 August 2016

ICSID claim against St Lucia dismissed

US oil company RSM’s US$200 million claim against the Caribbean state of Saint Lucia is at an end after the company failed to pay US$750,000 security for costs, as ordered by the tribunal in an ICSID first.

27 July 2016

Crystallex funder backs Colombia claim

A New York private equity firm that reaped a record return by financing an ICSID case against Venezuela has agreed to fund a Canadian mining company’s looming treaty claim against Colombia.

25 July 2016

Dominican Republic triumphs in DR-CAFTA claim

01 June 2016

Funder hires for New York opening

21 April 2016

Crystallex wins billion-dollar award against Venezuela

05 April 2016

GAR Live Lookback: interrupting a gambler’s nirvana – the controversy over funders and security for costs

01 April 2016

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