Topic: Third-party funding

Mega-claim against Brazil to proceed

An arbitral tribunal has reportedly upheld jurisdiction over a third-party funded claim worth up to US$35 billion brought against Brazil by a minority shareholder in Petrobras over losses the state-owned oil company sustained as a result of the Lava Jato corruption probe.

25 November 2020

Kazakhstan hunts claimant's assets after Soviet treaty win

After defeating a US$917 million claim under a Soviet investment treaty and winning costs, Kazakhstan has applied for discovery from various US banks to track down the claimant's assets and sources of funding.

06 November 2020

Eni brings ICSID case over Nigeria corruption claims

Italian energy company Eni has launched an ICSID arbitration against Nigeria in response to the state’s allegations that its US$1 billion purchase of an oil prospecting licence was the product of corruption.

08 October 2020

Leonardo wins fight over superbug laser treatment

A subsidiary of Italian defence contractor Leonardo has prevailed in a US$225 million ICDR dispute concerning a halted project to use laser technology to combat nasal superbugs.

23 September 2020

Third-party funders launch global alliance

Six leading third-party funders have founded the first ever global association of litigation and arbitration finance providers.

14 September 2020

Albanian oilfields dispute leads to ICC award

Albania has defeated the bulk of a third-party funded ICC claim worth US$90 million brought by a US-based company concerning three oilfields.

24 August 2020

Australian miner secures funding for Tanzania claim

A Perth-based miner says it will make good on a threatened ICSID claim against Tanzania over the revocation of project licences after it secured funding for the case.

10 August 2020

Burford buys stake in UK law firm

Burford Capital has bought a stake in a London disputes boutique, as part of a “first of its kind” transaction that will see the funder finance a portfolio of the firm’s cases.

24 June 2020

Uruguay telecoms fight shifts to new front

A US company’s bid to revive a US$65 million claim against Uruguay has been discontinued at ICSID, but the claimant’s owner has threatened the state with a new treaty claim.

17 June 2020

Burford loses London Stock Exchange trading data lawsuit

Litigation financing fund Burford Capital has lost its attempt to force the London Stock Exchange to hand over information that it says could prove it was the victim of market manipulation.

18 May 2020

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