Topic: Third-party funding
Burford lands big win in airlines case
An ICSID tribunal has ordered Argentina to pay more than US$320 million plus interest for nationalising two airlines more than a decade ago - with the claimants' third-party funder Burford Capital set to receive around US$140 million from the award.
24 July 2017
BIT panel orders funded claimants to prove solvency
A tribunal hearing two bilateral investment treaty cases against Venezuela has ordered the third party-funded claimants to prove they have sufficient assets to pay costs if they lose – after the state demanded that they post US$5 million in security.
12 July 2017
Burford funds first Singapore case and hires in Hong Kong
Disputes funder Burford Capital is financing its first arbitration in Singapore and has recruited from Herbert Smith Freehills in Hong Kong in the wake of recent reforms allowing third-party funding in the two jurisdictions.
05 July 2017
Third-party funding gets all clear in Hong Kong
Hong Kong has adopted long-awaited legislation expressly allowing third-party funding of arbitration and mediation in the territory for the first time.
14 June 2017
Italy denied security for costs in solar claim
An ICSID tribunal has refused to order a solar power investor to pay security for costs in an Energy Charter Treaty claim against Italy, ruling that the investor’s reliance on a third-party funder following its insolvency did not make the order necessary or urgent.
14 June 2017
Singapore’s seismic shift on funding
Speakers at GAR Live Singapore today reflected on a year that saw a “seismic shift” in the country’s attitude to third-party funding – which went from a mere possibility 12 months ago to a reality embedded in statute.
07 June 2017
Irish Supreme Court maintains third-party funding ban
Third-party funding remains illegal in Ireland following a ruling yesterday from the country’s highest court.
24 May 2017
The first weeks of funding in Singapore
Singapore has quietly permitted third-party funding of international arbitration but funders are likely to be wary of taking on cases for some time, in part because of difficulties in enforcing awards in the region.
20 March 2017
Funded ICSID claim against Colombia goes ahead
Canada’s Eco Oro has made good on its threat to file a treaty claim against Colombia after being deprived of its mining rights on environmental grounds – and will be backed by funders that stand to collect around half of the arbitration proceeds.
09 December 2016
RSM applies to annul St Lucia award over funding fuss
US oil company RSM has applied to annul an ICSID award rejecting its US$200 million claim against St Lucia, on the basis that that the tribunal went too far when it ordered payment of security for costs and an arbitrator showed bias against funded claimants.
22 November 2016