Legislative Acts

*The legislative acts listed are not regularly maintained. The statutes are provided as an aid for initial research into a jurisdiction’s laws regarding third-party funding. It is not a representation of all the applicable laws regarding third-party funding.

Hong Kong – Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Ordinance (2017).

Singapore – Civil Law (Amendment) Act 2017 (1 March 2017).
                 – Legal Profession (Professional Conduct) Rules 2015, (amended on 1 March 2017), § 49(A). 

 

Arbitral Institution Rules

CAM-CCBC

• Administrative Resolution 18/2016.

CIETAC

• International Investment Arbitration Rules (2017), Article 27

ICC

• Note to Parties and Arbitral Tribunals on the Conduct of the Arbitration under the ICC Rules of Arbitration (22 September 2016).

ICSID

• Proposed Amendment, Rule 21

SIAC

• Investment Arbitration Rules (2017), Rules 24(L), 33.1, and 35.
• Practice Note for Administered Cases under the Arbitration Rules of SIAC

 

Case Law

Arkin v. Borchard Lines Ltd., [2005] EWCA Civ 655.

Crystallex International Corporation v. Bolivarian Republic of Venezuela, (ICSID Case No. ARB(AF)/11/2) Award (4 April 2016).

Eskosol S.P.A. in Liquidazione v. Italian Republic, (ICSID Case No. ARB/15/50) Procedural Order No. 3 (Decision on Respondent’s Request for Provisional Measures), (12 June 2017).

Essar v. Norscott, [2016] EWHC 2361 (Comm) (15 September 2016).

EuroGas Inc and Belmont Resources Inc v. Slovak Republic (ICSID Case No. ARB/14/14).

Excalibur Ventures v. Texas Keystone and others [2016] EWCA Civ 1144.

Guaracachi America, Inc. and Rurelec PLC v. The Plurinational State of Bolivia, UNCITRAL, PCA Case No. 2011–2017.

Rachel S Grynberg, Stephen M Grynberg, Miriam. S Grynberg and RSM Production Corporation v. Grenada, (ICSID Case No. ARB 10/6), Tribunal’s Decision on Respondent’s Application for Security for Costs (14 October 2010).

Kardassopoulos and Fuchs v. The Republic of Georgia (ICSID Case Nos. ARB/05/18 and ARB/07/15), Award (3 March 2010), para. 691.

Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti. v. Turkmenistan, ICSID Case No. ARB/12/6.

RSM Production Corporation v. Saint Lucia, ICSID Case No. ARB/12/10, Decision on Saint Lucia’s Request for Security for Costs with Assenting and Dissenting Reasons (2014).

Persona Digital Telephony Ltd & ors v. The Minister for Public Enterprise & ors [2017] IESC 27.

Philip Morris Brands Sàrl, Philip Morris Products S.A. and Abal Hermanos S.A. v. Oriental Republic of Uruguay, ICSID Case No. ARB/10/7, ICSID Case No. ARB/10/7).

S&T Oil Equipment & Machinery, Ltd, et al. v. Juridica Investments Limited, et al., 456 Fed. Appx. 481, 2012 WL (5 Jan. 2012).

RosInvestCo UK Ltd v. The Russian Federation, SCC Case No. V079/2005, Final Award (12 September 2010).

South American Silver Limited v. Bolivia, UNCITRAL, PCA Case No. 2013–2015.

Teinver S.A., Transportes de Cercanías S.A. and Autobuses Urbanos del Sur S.A. v. Argentine Republic, ICSID Case No. ARB/09/1.

Viamedia, Inc. v. Comcast Corp. (30 June 2017), [2017] WL 2834535.

Literature – Articles

M. N. ALRASHID, J. WESSEL and J. LAIRD “The Impact of Third Party Funding on Privilege in Litigation and International Arbitration”, 6 Disp. Res. Int’l 109 (October 2012, No. 2).

C. BAO, “Third Party Funding in Singapore and Hong Kong: The Next Chapter”, 34 J. Int’l Arb. (2017, Issue 3).

C. P. BOGART, “Third Party Financing of International Arbitration”, The European Arbitration Review 2017 (GAR Special Report) (14 October 2016) (subscription required).

C. P. BOGART, “RSM vs St Lucia: Why Griffith was wrong on security for Costs”, Global Arbitration Review (11 September 2014) (subscription required).

W. H. VAN BOOM, “Third-Party Financing in International Investment Arbitration” (31 December 2011).

E. DE BRABANDERE and J. LEPELTAK, “Third-Party Funding in International Investment Arbitration”

Francisco BLAVI, “It’s About Time to Regulate Third Party Funding”, Kluwer Arbitration Blog (17 December 2015).

E. CHAN, “Proposed Guidelines for the Disclosure of Third-Party Funding Arrangements in International Arbitration”, 26 Am. Rev. Int’l Arb. 281 (2015, no. 2) (subscription required).

J. CLANCHY, “Navigating the Waters of Third Party Funding in Arbitration”, 82 Int’l J. of Arb., Mediation and Disp. Management 222 (2016, No. 3).

J. CLANCHY, “Third Party Funding in Arbitration: the First 125 Years”, LexisNexis Dispute Resolution Blog (17 May 2016).

B. M. CREMADES Jr., “Third Party Litigation Funding: Investing in Arbitration”, 8 Transnational Dispute Management (2011, Issue 4) (subscription required).

M. DESTEFANO, “Claim Funders and Commercial Claim Holders: A Common Interest or a Common Problem?”, 63 DePaul L. Rev. 305 (2014).

Financial Times, “Arbitration academics are living in the dark ages” (19 November 2017) (subscription required).

V. FRIGNATI, “Ethical Implications of Third Party Funding in International Arbitration”, 32 Arb. Int’l 506 (2016, Issue 3) (subscription required).

M. J. GOLDSTEIN, “Should the Real Parties in Interest Have to Stand Up? – Thoughts About A Disclosure Regime for Third-Party Funding in International Arbitration”, 8 Transnational Dispute Management (2011, Issue 4) (subscription required).

A. GOLDSMITH and L. MELCHIONDA, “The ICC’s Guidance Note on Disclosure and Third-Party Funding: A Step in the Right Direction”, Kluwer Arbitration Blog (March 14, 2016).

D. G. HENRIQUES, “Third Party Funding: a Protected Investment?”, 30 Spain Arbitration Review (2017).

J. C. HONLET, “Recent decisions on third-party funding in investment arbitration”, 30 ICSID Review (Fall 2015, Issue 3).

Lise Johnson and Lisa Sachs, “The Outsized Costs of Investor-State Dispute Settlement”, 16 AIB Insights (2016, No. 1).

J. KALICKI, A. ENDICOTT, and N. GIRALDO-CARILLO, “Third-Party Funding in Arbitration: Innovation and Limits in Self-Regulation (Part 1 of 2)”, Kluwer Arbitration Blog (13 March 2012).

M. KANTOR, “ThirdParty Funding in International Arbitration: An Essay About New Developments”, 24 ICSID Review – Foreign Investment Law Journal (2009, Issue 1).

S. KHOURI, K. HURFORD, and C. BOWMAN, “Third Party Funding in International Commercial and Treaty Arbitration – a Panacea or a plague? A Discussion of the Risks and Benefits of Third Party Funding”, 8 Transnational Dispute Management (2011, issue 4).

Marco de MORPURGO, “A Comparative Legal and Economic Approach to Third-Party Litigation Funding”, 19 Cardozo J. Int’l & Comp. L. 343 (2011).

Munir MANIRUZZAMAN, “Third-Party Funding in International Arbitration – A Menace or Panacea?”, Kluwer Arbitration Blog (29 December 2012).

B. OSMANOGLU, “Third-Party Funding in International Commercial Arbitration and Arbitrator Conflict of Interest”, 32 J. Int’l Arb. (2015).

S. L. PARADAU, “Alternative Litigation Financing: Perils and Opportunities”, 12 U.C. Davis L.J. 65 (2011).

S. PERRY, “Third-Party Funding: The Best Thing Since Sliced Bread?”, Global Arbitration Review (28 November 2012) (reporting on GAR Live London debate) (subscription required).

M. SCHERER, “Out in the open? Third-party funding in arbitration”, CDR News (26 July 2012).

M. SCHERER, A. GOLDSMITH and C. FLÉCHET, “Third-Party Funding in International Arbitration in Europe: Part 1 – Funders’ Perspectives”, 2 RDAI/IBLJ (2012).

M. SCHERER, A. GOLDSMITH and C. FLÉCHET, “Third Party Funding of International Arbitration Proceedings – A View From Europe: Part II”, International Business Law Journal 649 (2012).

A. J. SEBOK, “Should the Law Preserve Party Control? Litigation Investment, Insurance Law, and Double Standards”, 56 Wm. & Mary Law Rev. 833 (2015).

M. SECOMB, P. TAN, and T. WINGFIELD, “Third Party funding for Arbitration: An Opportunity for Singapore to
Lead the Way in Regulation”, 16 Asian Dispute Review (2016, Issue 4).

V. SHANNON SAHANI, “Judging Third-Party Funding”, 63 UCLA L. Rev. 388 (2016).

V. SHANNON SAHANI, “Reshaping Third-Party Funding”, 91 Tulane L. Rev. 405 (2017).

V. SHANNON SAHANI, “Revealing Not-for-Profit Third-Party Funders in Investment Arbitration” (2017).

C. SILVER, “Litigation Funding Versus Liability Insurance: What’s the Difference?”, 63 DePaul L. Rev. 617 (2014).

M. STEINITZ, “Whose Claim is This Anyway? Third-Party Litigation Funding”, 95 Minnesota L. Rev. 1268 (2011).

M. STEINITZ and A. C. FIELD, “A Model Litigation Funding Contract”, 99 Iowa Law Review 711 (2014).

J. A. TRUSZ, “Full Disclosure? Conflicts of Interest Arising from Third-Party Funding in International Commercial Arbitration”, 101 Geo. L.J. 1649 (2013).

C. VELJANOVSKI, “Third-Party Litigation Funding in Europe”, 8 J.L. Econ. & Pol’y 405 (Spring 2012, No. 3).

B. ZHANG and M. HU, “A snapshot of the Chinese Third-Party Funding market”, submission on file with ICCA-QMUL Task Force.

LIterarure – Treatises

L. BENCH NIEUWVELD and V. SHANNON SAHANI, Third-Party Funding in International Arbitration, 2nd ed. (Kluwer 2017).

S. BREKOULAKIS, Third Parties in International Commercial Arbitration (OUP 2010).

N. CASADO FILHO, Arbitragem e Acesso á Justiça: O Novo Paradigma do Third Party
Funding (Saraiva 2017).

B. M. CREMADES SANZPASTOR and A. DIMOLITSA, eds., Third-Party Funding in International Arbitration (ICC Dossier) (Kluwer 2013).

LU, VERHEYEN and PERERA, eds., Investing with Confidence: Understanding Political Risk Management in the 21st Century (World Bank 2009).

N. PITKOWITZ, ed., Handbook on Third-Party Funding in International Arbitration (Juris 2018)

C. A. ROGERS, Ethics in International Arbitration (Oxford University Press 2014).

N. ROWLES-DAVIES, Third Party Litigation Funding (Oxford University Press 2014).

J. VON GOELER, Third-Party Funding in International Arbitration and its Impact on Procedure, International Arbitration Law Library, Volume 35 (Kluwer Law International 2016).

V. WAYE, Trading in Legal Claims: Law, Policy & Future Directions in Australia, UK & US (2008).