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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
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
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
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
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
01 June 2016
21 April 2016
05 April 2016
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