Topic: Third-party funding

A new "fully regulated" third-party funder opens in Paris

Former general counsel of disputes and managing director at Vannin Capital Iain McKenny has launched a new fund, Profile Investment or “Pi”, which he says will be part of a new breed of "European asset management regulated" third party funders that will be more transparent and comply with European money laundering regulations.

02 November 2018

Uruguay faces treaty claim over collapsed airline

After reportedly being acquired by a private equity firm known for its funding of ICSID cases, a Panamanian holding company has threatened to bring an investment treaty claim against Uruguay over the renationalisation of an airline.

24 October 2018

Uzbekistan escapes Swiss enforcement bid

The Swiss Federal Supreme Court has blocked a bid by an affiliate of third-party funder Calunius Capital to enforce an investment treaty award against Uzbekistan, finding the underlying dispute did not have a “sufficient domestic connection” with Switzerland.

22 October 2018

Vannin delays IPO after defeat in Costa Rica case

Third-party funder Vannin Capital has postponed a planned initial public offering, shortly after disclosing a US$6.6 million loss on an investor-state arbitration against Costa Rica.

19 October 2018

Not just legal fees…

Verity Jackson-Grant, the director of business development at specialist third-party funding broker The Judge, discusses funding trends and how removed from mere legal fees and expenses financing can become.

09 October 2018

No split hearing for Colombia mining claim

An ICSID tribunal has refused a request by Colombia to hold a separate hearing on jurisdiction in a closely watched case brought by a Canadian mining company that was deprived of its right to operate within an environmental preservation zone.

28 August 2018

Market trends and legal issues in third-party funding

An event in London organised by Withers addressed third-party funding of international arbitration in the wake of the recommendations in the ICCA-Queen Mary report. Uliana Cooke of Withers in London reports

08 August 2018

Funded BIT claimants ordered to pay security

A tribunal hearing a pair of bilateral investment treaty claims against Venezuela has ordered the third-party funded claimants to post US$1.5 million in security for costs – only the second known time such an order has been made in an investment arbitration.

06 August 2018

Funder seeks to enforce against Uzbekistan

An affiliate of third-party funder Calunius Capital has applied to a US court to enforce a US$13 million investment treaty award against Uzbekistan – while the mining company that assigned the award tries to revive a billion-dollar claim.

30 July 2018

Vannin Capital loses managing director and expands in Europe

Vannin Capital’s general counsel of disputes and managing director Iain McKenny has left to set up new funding vehicles with the backing of global asset management company La Francaise Group, as Vannin announces the launch of a new funding business across Germany, Austria and Switzerland

20 June 2018

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