The Final Report of the Task Force has been launched at the ICCA COnference in Sydney and is now available for downloading:
http://www.arbitration-icca.org/publications/Third-Party-Funding-Report.html
Vannin Capital made the surprising announcement just last month that it was going public on the London Stock Exchange (LSE) in October. The official announcement by the LSE can be found HERE. But, this week—midway through October—the third-party funding innovator pulled the plug, canceling its plans. It was reported that floating the IPO might have valued…
The TPF Observatory is pleased to announce a new resource library for third-party funding. The collection includes statutes from various jurisdictions, notable cases, and a wealth of scholarship from leading practitioners, professors, and arbitrators on the topic of third-party funding. View the collection HERE. This new collection furthers the TPF Observatory’s mission as a centralizing forum…
The prominent British publication, The Economist, recently reported on the rise of litigation finance (also referred to as third-party funding) and its growing place in the marketplace. In its article “Appealing returns” the Economist reports that 30 new funding ventures have launched within the past year and a half. Not only are new entrants broadening the…
In a recent article from the Wall Street Journal (subscription required), third party funders are rushing to hire top legal talent. Bentham IMF has hired ten new attorneys in the past two years, and “[o]ther firms have hired dozens more” from top firms like Arnold & Porter, Latham & Watkins LLP, Proskauer Rose LLP, and…
The International Centre for the Settlement of Investment Disputes (“ICSID”) released its Proposals for Amendments to the ICSID Rules. One change in particular, Proposed Rule 21, will certainly spark much debate because it creates a new duty to disclose third-party funding. In a synopsis document describing the rationale behind the proposed amendments, ICSID explains that Rule…
The prominent British publication Chambers and Partners has started ranking litigation funders in the United States. In its inaugural ranking, Chambers and Partners divided six funders into three tiers — Band 1, Band 2 and Band 3. Band 1 Bentham IMF Burford Capital Band 2 Lake Whillans Litigation Finance Longford Capital Management Band 3 Vannin Capital Woodsford…
On 17 April 2018, the ICCA-QMUL Task Force unveiled its Report on Third Party Funding in International Arbitration at the ICCA Congress in Sydney, Australia. The Report is a comprehensive study of third party funding and promises to be a cornerstone of future study on the subject. The Report represents five years of hard work by an impressive body of academics,…
Currently, third party funding (“TPF”) in India is not permitted. However, arbitration costs are on the rise, and some practitioners are beginning to look to TPF as a solution. Advocates Payal Chawla and Aastha Bhardwaj brought this to the forefront in a recent article published in Bar & Bench, suggesting that “[p]erhaps third party funding is the…
The International Centre for the Settlement of Investment Disputes (“ICSID”) is planning to amend its Arbitration Rules and might require third party funding disclosures. Practitioners and funders have weighed in but it remains to be seen how ICSID will incorporate TPF disclosures into the new rules (if at all). In October 2016, the International Centre…
Third-Party Funding a Protected Investment? By Duarte G Henriques The Draft Report of the ICCA / QMUL Task Force on Third-Party Funding in International Arbitration that was released last September focus on a number of very intricate and up to date issues related to this new business model. One of those issues is the question…
