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Home / Archives for Third-Party Funding

SIAC Arbitration Costs

22/09/2018 by Aceris Law LLC

SIAC Arbitration Costs

When initiating a SIAC arbitration, some of the basic questions most claimants ask are how much a SIAC arbitration costs, when payments are due and whether the costs can be recovered from the opposing party. What Are the Heads of Costs in a SIAC Arbitration? The costs of an arbitration are usually divided into four main groups: (i) fees and costs of […]

Filed Under: ICC Arbitration, SIAC Arbitration, Third-Party Funding

Third Party Funding in International Arbitration

05/08/2018 by Aceris Law LLC

Third Party Funding

What Is Third Party Funding? Third party funding is a procedure by which a third party to an arbitration provides financial means to a party whom lacks financial resources to initiate it. The funding provided will be used to cover the party’s legal fees and expenses related to an arbitration. In return, the funder receives […]

Filed Under: International Arbitration Law, Third-Party Funding

Third-Party Funding Report Presented by Task Force

02/05/2018 by Aceris Law LLC

Third-Party Funding Report

In Sydney, an ICCA-Queen Mary task force presented a third-party funding report for international arbitration. This 272-page report is rather comprehensive and a useful resource for those interested in third-party funding and the issues it poses in the field of international arbitration. The first two chapters provide a summary of the current state of the market […]

Filed Under: International Arbitration Boutiques, Investor State Dispute Settlement, Third-Party Funding

Third Party Funding and International Arbitration in Singapore

08/08/2017 by Aceris Law LLC

Third party funding in singapore

On 10 January 2017 the Singapore Parliament passed the Civil law Bill (Bill No. 38/2016) legalizing third party funding in international arbitration and related proceedings in Singapore. The Bill entered into force on 1 March 2017 and is one of the first statutes in the world specifically adopted in relation to third party funding. Third […]

Filed Under: Singapore Arbitration, Third-Party Funding

New English Court Decision Regarding Third-Party Funding Cost Recovery in Arbitration

02/10/2016 by Aceris Law LLC

In 2008, Norscot Rig Management Pvt Limited (“Norscot”), the Claimant, successfully brought a claim in arbitration before the ICC in London, against Essar Oilfield Services Limited (“Essar”), the Respondent. The Arbitrator (Sir Philip Otton) held that the Respondent had breached an operation management agreement relating to an offshore drilling platform and thus was liable to pay over […]

Filed Under: Arbitration Agreement, Arbitration Award, Arbitration Damages, Arbitration Information, Arbitration Jurisdiction, ICC Arbitration, Jurisdiction, London Arbitration, Third-Party Funding, United Kingdom Arbitration

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Swiss Chamber’s Arbitration Institution

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14/01/2019

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