Topic: Third-party funding
Uruguay chases ICSID claimant over costs award
Uruguay has asked a US court to enforce an ICSID award requiring a Florida telecoms company to pay nearly US$6 million in costs following an unsuccessful treaty claim that was backed by a third-party funder.
07 December 2021
Third-party funding in India: principles and challenges
Shaneen Parikh and Anand Mohan of Cyril Amarchand Mangaldas consider third-party funding in India and the practical challenges it faces, while calling on the government to acknowledge its legality and make it available to litigants in the wake of covid-19.
16 November 2021
Ex-SIAC South Asia head launches funding consultancy
Pranav Mago, the former head of the Singapore International Arbitration Centre’s South Asia desk, has launched one of Asia’s first litigation finance consultancies.
03 September 2021
Third-party funding gets “super priority” status in Singapore restructuring
A Singapore court has ruled that funding provided by Omni Bridgeway to help a struggling commodity trader pursue an arbitration in Hong Kong should be granted super-priority status in the context of the trader’s debt restructuring.
03 September 2021
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