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Why Third Party Funding is on the rise in England & Wales

Third party funding is a relatively new phenomenon in the UK; historically it had been viewed by the Courts as unethical and contrary to...

Litigation Funding in Switzerland

Litigation funding, sometimes called third-party funding or litigation finance, is becoming increasingly popular in Switzerland these days. One major force behind this trend is...

Security for costs – Renunciation of the standards set up in “RSM v. Saint...

Can a tribunal order an impecunious claimant to pay security for costs? This is an often debated topic both in commercial and in investment...

Hong Kong Passes Law to Allow Third Party Funding for Arbitration and Related Proceedings

Recent developments On 23 June 2017, the landmark Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Ordinance 2017 ("Amendment Ordinance") was published in the Government...

Impecunious Claimant – Does the impecuniosity warrant that the respondent pays the full advance...

On 11 January 2017, the arbitral tribunal in the investor-state arbitration between a French-Mauritian businessman (the “Claimant”) and the Republic of Mauritius (“Mauritius”) ...

Update: Singapore Allows Third Party Funding for International Arbitration

Key Points On 6 January 2017, we informed that the Singapore Parliament would be looking to pass legislative amendments to introduce a legal framework...

Singapore Expected to Allow Third Party Funding for International Arbitration in Early 2017

Recent Developments In mid-2016, the Singapore Ministry of Law conducted a public consultation on legislative amendments to introduce a legal framework for third party funding...

Costs and Duration of Arbitration – A Survey of the SIAC, HKIAC, LCIA and...

On 15 December 2016, the Hong Kong International Arbitration Centre (“HKIAC”) released its data on the costs and duration of an HKIAC arbitration, following...

Hong Kong Law Reform Commission Recommends Third Party Funding for Arbitration

Recent developments The Law Reform Commission of Hong Kong (“LRC”) published a report on 12 October 2016 (“Report”) in which it recommends amendments to the Arbitration...

The recoverability of third party funding in arbitration

Overview Thanks to the Jackson reforms, when a matter is litigated in a UK court, the fees associated with third party funding are not recoverable....