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
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
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
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 have settled a third-party funded ICSID claim against Egypt over the alleged expropriation of their stake in a mining project.
31 August 2021
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
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 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
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
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
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