Topic: Third-party funding

The role of the funder: support or control?

A panel at the IBA Arbitration Day in Lisbon examined the role of the third-party funder in investment arbitration, including the risk of interference in the conduct of a case, disclosure of funding agreements and adverse costs orders.

14 April 2023

Argentina liable in Burford-backed suit over YPF

A US court has found Argentina liable in a Burford Capital-funded litigation arising from the nationalisation of oil and gas operator YPF more than a decade ago – with a multibillion-dollar damages claim still to be determined.

03 April 2023

LCIA hears Burford’s fight with antitrust client

A client of Burford Capital has accused the funder of using an LCIA arbitration to block it from settling several antitrust lawsuits, as well as improperly trying to influence its litigation counsel, Boies Schiller Flexner.

10 March 2023

Miner secures funding for treaty claim against India

A UK mining company says it has secured US$10.5 million in third-party funding for a potential investment treaty claim against India over a prospecting licence for a gold project.

02 March 2023

Swedish investor drops ICSID claim over UAE residency permit

A Swedish-Iranian national who brought a funded ICSID claim against the United Arab Emirates over its refusal to renew his residency permit has dropped his case after the state contested the authenticity of some of his evidence.

01 December 2022

Burford backs revived Nigerian hydro claim

Burford Capital is funding an ICC claim against Nigeria reportedly worth US$400 million arising from the purported settlement of a prior arbitration over a hydropower project.

27 September 2022

UK oil company wins ECT award against Italy

London-listed oil and gas company Rockhopper Exploration says it has won €190 million plus interest in an Energy Charter Treaty claim over Italy’s refusal to grant a concession for an oilfield on the country’s Adriatic coast.

24 August 2022

Funder backs Singapore investor’s claim against China

A Singaporean group has secured third-party funding for a US$170 million treaty claim against China over the curtailment of its phosphate mining activities to make way for a panda reserve.

24 August 2022

African diversity champion joins Burford board

Rukia Baruti, a long-time promoter of diversity in arbitration and the secretary general of the African Arbitration Association, has joined the board of Burford Capital.

09 August 2022

California businessman can bring late challenge to Burford award

An English court has said a California businessman is not too late to challenge an LCIA award that requires him to pay more than US$60 million in compound interest to a subsidiary of Burford Capital for breach of a litigation funding deal.

13 July 2022

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