Topic: Third-party funding

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

Market trends and legal issues in third-party funding

An event in London organised by Withers addressed third-party funding of international arbitration in the wake of the recommendations in the ICCA-Queen Mary report. Uliana Cooke of Withers in London reports

08 August 2018

Funded BIT claimants ordered to pay security

A tribunal hearing a pair of bilateral investment treaty claims against Venezuela has ordered the third-party funded claimants to post US$1.5 million in security for costs – only the second known time such an order has been made in an investment arbitration.

06 August 2018

Funder seeks to enforce against Uzbekistan

An affiliate of third-party funder Calunius Capital has applied to a US court to enforce a US$13 million investment treaty award against Uzbekistan – while the mining company that assigned the award tries to revive a billion-dollar claim.

30 July 2018

Vannin Capital loses managing director and expands in Europe

Vannin Capital’s general counsel of disputes and managing director Iain McKenny has left to set up new funding vehicles with the backing of global asset management company La Francaise Group, as Vannin announces the launch of a new funding business across Germany, Austria and Switzerland

20 June 2018

Vannin Capital appoints in the US

After recently naming Yasmin Mohammad as its head of international arbitration, third-party funder Vannin Capital has appointed two new managing directors for the group in New York and Washington, DC – former executive director of the New York International Arbitration Centre Alexandra Dosman and former Arnold & Porter senior associate José Antonio Rivas.

05 June 2018

Kazakhstan creditors can’t pull out of fraud trial, rules judge

The High Court in London has ruled that allegations that a US$520 million Stockholm Chamber of Commerce award against Kazakhstan was obtained through fraud must proceed to trial despite the claimants’ decision to abandon enforcement proceedings in England and Wales.

11 May 2018

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