Topic: Third-party funding
Pi gets a slice of Cleary with London hire
Third party funder Profile Investment, known as “Pi”, has bolstered its London office with the hire of Cleary Gottlieb Steen & Hamilton counsel Cameron Murphy, who was part of the team that defended Russia in the Yukos arbitrations.
30 June 2022
ICSID releases new rules
ICSID has released its new rules for investment disputes, which will take effect in a week’s time – bringing to an end what it calls the “most significant procedural modernisation” in its history.
23 June 2022
Burford wins enforcement against Kyrgyzstan
A Burford Capital subsidiary has won default judgment in its bid to enforce a US$25 million investment treaty award against Kyrgyzstan after the state failed to show up for the US proceedings.
15 June 2022
Funder sues treaty claimant after settlement with Egypt
A disputes funder that provided initial financing for an investment treaty claim against Egypt before going bankrupt is now suing the successful claimant for a share of the settlement proceeds.
20 May 2022
Legal finance and success fees in arbitration
As Hong Kong’s legislature considers a bill to allow success fees in arbitration, Kathryn Sanger and Briana Young of Herbert Smith Freehills and Emily Tillett of Burford Capital consider how such fee structures may intersect with the legal finance industry.
13 May 2022
Mining company markets crypto tokens to fund ICSID claim
Crypto investors are being asked to fund a US$13 billion ICSID claim against Slovakia that will be refiled “imminently” by a US mining company – five years after the original case was thrown out.
22 March 2022
Malaysia ordered to pay US$15 billion
A Spanish arbitrator has ordered Malaysia to pay US$14.92 billion plus interest and costs to the heirs to a sultanate on the island of Borneo, while criticising the state’s “intimidatory and coercive” tactics against him.
28 February 2022
Fight over spoils of Vietnam claim to be arbitrated
A US court has ruled that a lawsuit brought against King & Spalding by a former client over the division of the proceeds of a US$45 million investment treaty award against Vietnam should go to arbitration.
13 January 2022
Burford recruits Calunius co-founder
Mick Smith, one of the co-founders of disputes funder Calunius Capital, has joined rival funder Burford Capital as principal in London.
05 January 2022
VIAC announces new secretary general
Irish national Niamh Leinwather is to take over as secretary general of the Vienna International Arbitration Centre as her predecessor Alice Fremuth-Wolf joins Swiss disputes funder Nivalion to head its office in the Austrian capital.
14 December 2021