Topic: Third-party funding

Burford announces governance overhaul

Embattled disputes funder Burford Capital is replacing its chairman and chief financial officer as it bows to investor pressure following an attack on its governance and accounting practices that led its share value to fall by 65% last week.

16 August 2019

Canadian government hires from funder

Alexandra Dosman has left her position at third-party funder Vannin Capital to join Canada’s Trade Law Bureau as counsel in Ottawa.

15 August 2019

Burford fights back after hedge fund takes aim

Third-party funder Burford Capital has strongly denied accusations contained in a report by a US hedge fund that led to a 65% drop in its market capitalisation.

09 August 2019

Cadwalader hires from funder in London

Former Skadden lawyer Simon Walsh has joined the London office of US firm Cadwalader Wickersham & Taft after working for more than a year as a senior investment officer at a third-party funder.

25 July 2019

Peru hit with ICSID claim from electricity investor

Singaporean companies linked to a prominent Israeli businessman have lodged a third-party funded ICSID claim worth more than US$150 million against Peru concerning investments in the electricity sector.

28 June 2019

Malaysia settles treaty dispute over property fraud

The Malaysian government has paid a settlement to the estate of a deceased Thai investor who was fraudulently deprived of her property – averting the threat of a treaty claim backed by a third-party funder.

18 June 2019

Dentons targets client’s Congo award in fee dispute

Dentons and the global head of its international arbitration group have asked a court in Delaware for permission to recover unpaid fees from a client by forcing the sale of a US$96 million ICC award that the law firm helped it obtain in a dispute with the Democratic Republic of the Congo.

13 June 2019

Funder’s role in failed ICSID claim comes to light

An ICSID case that left an unsuccessful claimant saddled with a US$6 million adverse costs award was financed by Australia-based disputes funder IMF Bentham, GAR has confirmed.

07 May 2019

Clyde & Co teams up with Australian funder

Clyde & Co has entered into an arrangement with a London-listed Australian disputes funder to help its clients “unlock new ways to manage and pay for disputes.”

28 March 2019

Iraqi ex-minister too late to challenge treaty award

A former Iraqi government minister has been denied permission to pursue a belated challenge to an investment treaty award in favour of Pakistan in the English courts – as it emerges that a parallel set-aside action funded by Burford Capital has been discontinued.

28 February 2019

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