Topic: Third-party funding
Australian investors settle mining claim against Egypt
Australian investors have settled a third-party funded ICSID claim against Egypt over the alleged expropriation of their stake in a mining project.
31 August 2021
Swiss funder backs HKIAC claim against crypto exchange
A recently launched Swiss disputes funder is backing a “landmark” HKIAC claim that a group of traders are preparing against cryptocurrency exchange Binance for losses they incurred when its platform crashed.
19 August 2021
King & Spalding sued by client in funded BIT case
A Dutch national who won a US$45 million investment treaty award against Vietnam is suing his arbitration counsel King & Spalding, accusing the firm of colluding with third-party funder Burford Capital to cheat him out of his due share of the proceeds.
15 June 2021
UNCITRAL publishes proposals to reform funding of ISDS
UNCITRAL has published proposals for reforming the use of third-party funding in investor-state dispute settlement – including models for regulation, a code of conduct, disclosure requirements and potential sanctions.
27 May 2021
Burford backs miner’s claim against Congo
Australia’s Sundance Resources has disclosed that Burford Capital will fund its US$8.8 billion ICC claim against the Republic of the Congo over a revoked mining licence – as well as a potential claim against Cameroon.
10 May 2021
Funder targets Crowell partner in fight over Pakistan award
A Cayman hedge fund that helped to finance an arbitration against Pakistan has sought leave to subpoena a partner at Crowell & Moring who acted in the case, amid a dispute over more than US$28 million in award proceeds.
26 April 2021
Albania award creditor wound up at funder’s request
An Australian disputes funder that financed an ICC claim against Albania has obtained a Cayman winding-up order against the claimant after the proceeds of the award were seized by an Albanian bailiff.
09 March 2021
Funder chases client after Albanian bailiff seizes ICC award
The Australian disputes funder behind a Cayman oil company’s ICC claim against Albania has applied to wind up the claimant after the proceeds of the arbitration award were sequestered by a bailiff in Tirana.
04 February 2021
Indonesian coal claim dismissed in Singapore
An Indonesian company and its UK partner have defeated a third-party funded SIAC claim worth US$32 million brought over a coal mining concession on the island of Borneo.
02 February 2021
Tanzania faces latest claim over mining reforms
Tanzania is now facing three ICSID cases over the state's alleged revocation of mining licences after a Canadian company became the latest to make good on an earlier threat to bring a claim.
11 January 2021