Introduction On 30 December 2024, the London Court of International Arbitration (“LCIA”) published its third costs and duration analysis (the “2024 Report”), covering all cases which reached a final award between 1 January 2017 and 12 May 2024. This builds on its previous report, Facts and Figures – Costs and Duration: 2013-2016, published in October 2017 (the “2017 Report” and together with the 2024 Report the “Reports”). The 2024 Report covers a longer time period…

In Therium Litigation Funding A IC v Bugsby Property LLC[1] the English Commercial Court had its first opportunity to consider the enforceability of Litigation Funding Agreements (“LFAs”) following the decision of the Supreme Court in R (on the application of PACCAR Inc and others) v Competition Appeal Tribunal and others[2] (“PACCAR “). In PACCAR, the Supreme Court held that where litigation funders are to be remunerated by reference to a share of damages obtained by…

Introduction English courts recently heard and determined three separate applications with near mirroring facts for anti-suit injunctions (“ASI”) brought by (i) Deutsche Bank, (ii) Commerzbank and (iii) an unknown entity given anonymisation of the judgment, all brought against RusChemAlliance LLC (“RCA”), a Russian entity in which Gazprom has a direct interest. All three cases relate to proceedings RCA initiated in Russia in breach of the relevant arbitration agreements. The application for ASI was refused in…