Recently, a client asked whether third-party funding was legal in Asia. Jana Karam helpfully compiled the following information, which shows that third-party funding is permissible in the vast majority of jurisdictions, but not in China or Singapore, where it is clearly not allowed. Below is a review of the current status of third-party funding in […]
Polish Chamber Of Commerce Arbitration Conference On The Applicable Law In International Arbitration
The Polish Chamber of Commerce in Warsaw is organizing a conference on 20 November 2015 entitled “The Applicable Law in International Arbitration“, an interesting topic that is far more complex than it might seem at first glance. The conference is taking place on 20 November 2015 at the University of Silesia in Katowice International Conference and […]
New Center For International Commercial Arbitrations In Atlanta
As first reported by the Global Arbitration Review, a new center for international commercial arbitrations is opening in Atlanta, to rival those already present in Miami and New York in the United States, along with the AAA’s ICDR for international disputes, JAMS, and other arbitral institutions. Atlanta is, in theory, a good choice for international arbitrations, since […]
Damages in International Arbitration – Yukos Arbitration
THE VALUATION DATE FOR DAMAGES IN INTERNATIONAL ARBITRATION – YUKOS ARBITRATION The valuation date for damages in international arbitration is clearly important, and it does not always coincide with date suggested by the Parties in an international arbitration. The Yukos arbitration illustrates this point. The two most significant valuation dates for damages, from a quantum […]
Russia’s Strategy on Quantum – Yukos Arbitration
RUSSIA’S STRATEGY NOT TO RESPOND SUBSTANTIVELY TO QUANTUM IN THE YUKOS ARBITRATION In order to help the Tribunal reach a proper valuation of Yukos Oil Company, Claimants put forward 13 possible scenarios. The claims ranged from USD 30 billions to USD 114 billions (Final Award, para. 1701 – 1710) and the three main sets of […]