Topic: Third-party funding

UK government plans to reverse PACCAR ruling

Arbitration practitioners have been reacting to the news that the UK government is planning legislation to reverse the Supreme Court’s PACCAR decision last summer, after the lead claimant in a high-profile lawsuit against the UK Post Office highlighted the need for litigation funding.

16 January 2024

US court declines to interfere in Burford LCIA dispute

A US court has thrown out a lawsuit against Burford Capital, finding it has no power to interfere in a London-seated LCIA arbitration despite allegations of undisclosed ties between the funder and the arbitral institution.

12 January 2024

Canadian miner secures funding for treaty claim against Colombia

A Canadian mining company says it has secured funding for its investment treaty claim against Colombia – which it said risked being discontinued over a failure to pay costs.

10 November 2023

Hong Kong funder's fight with conservator resumes in Florida

A Hong Kong-based litigation funder has resumed its bid to confirm a pair of HKIAC awards in Florida against a client and his conservator after an appeals court remanded the case.

02 November 2023

Funder seeks LCIA arbitration over PACCAR ruling

The Commercial Court in London has frozen the settlement proceeds from a litigation while a funder pursues LCIA arbitration against its client – one of the first cases to address the effects of the UK Supreme Court’s recent PACCAR decision on litigation funding agreements.

20 October 2023

Argentina on the hook for billions over YPF

Burford Capital says the latest ruling in a US lawsuit it is financing against Argentina means the state will have to pay around US$16 billion for nationalising oil and gas operator YPF.

11 September 2023

Hong Kong investors prepare treaty claim over Credit Suisse

Hong Kong investors affected by the write-down of Credit Suisse bonds are reportedly preparing an investment treaty claim against Swizerland – weeks after an Australian funder announced it would back another group of bondholders represented by Allen & Overy.

05 September 2023

Funder gives green light to miner’s claim against India

A third-party funder has confirmed it will provide up to US$13.5 million for an Australian mining company to pursue an investment treaty claim against India over a gold project.

05 September 2023

Uncertainty for funders after UK Supreme Court ruling

The UK Supreme Court has raised doubts about the enforceability of many litigation funding agreements in England and Wales, as funders look set to review the terms of their agreements.

26 July 2023

Funder brings Albania award to US court

Australian disputes funder Omni Bridgeway has asked a US court to enforce an ICC award worth nearly US$15 million against Albania and its national oil company.

26 July 2023

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