Topic: Third-party funding

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

A new "fully regulated" third-party funder opens in Paris

Former general counsel of disputes and managing director at Vannin Capital Iain McKenny has launched a new fund, Profile Investment or “Pi”, which he says will be part of a new breed of "European asset management regulated" third party funders that will be more transparent and comply with European money laundering regulations.

02 November 2018

Uruguay faces treaty claim over collapsed airline

After reportedly being acquired by a private equity firm known for its funding of ICSID cases, a Panamanian holding company has threatened to bring an investment treaty claim against Uruguay over the renationalisation of an airline.

24 October 2018

Uzbekistan escapes Swiss enforcement bid

The Swiss Federal Supreme Court has blocked a bid by an affiliate of third-party funder Calunius Capital to enforce an investment treaty award against Uzbekistan, finding the underlying dispute did not have a “sufficient domestic connection” with Switzerland.

22 October 2018

Vannin delays IPO after defeat in Costa Rica case

Third-party funder Vannin Capital has postponed a planned initial public offering, shortly after disclosing a US$6.6 million loss on an investor-state arbitration against Costa Rica.

19 October 2018

Not just legal fees…

Verity Jackson-Grant, the director of business development at specialist third-party funding broker The Judge, discusses funding trends and how removed from mere legal fees and expenses financing can become.

09 October 2018

No split hearing for Colombia mining claim

An ICSID tribunal has refused a request by Colombia to hold a separate hearing on jurisdiction in a closely watched case brought by a Canadian mining company that was deprived of its right to operate within an environmental preservation zone.

28 August 2018

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