Topic: Third-party funding
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
Sidley partner moves to funder in New York
ArbitralWomen president Dana MacGrath has left the partnership at Sidley Austin to join New York-based litigation funder Bentham IMF as it seeks to finance more international arbitration cases
27 February 2019
ICSID compiles responses to proposed rule changes
ICSID has published a compendium of public comments on its proposed amendments to the centre’s rules.
18 January 2019
Rosneft subsidiary targeted in Texas
A Texan oil company backed by a third-party funder has asked the US courts to enforce a Stockholm Chamber of Commerce award worth more than US$200 million against a subsidiary of Rosneft that was found to have engaged in fraud in connection with a joint venture in Siberia.
15 January 2019
Bolivia escapes bulk of treaty claim over silver mine
A divided tribunal has found Bolivia liable for the expropriation of a silver mining concession while awarding the third-party funded claimant significantly less than the US$385 million it had sought – prompting a separate opinion by Chilean arbitrator Francisco Orrego Vicuña shortly before his death last month.
23 November 2018