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Third-Party Funding in International Arbitration and Its Impact on Procedure is a book that describes and analyses the role of third-party funding, (notably litigation funding), in the context of international arbitration, taking into account contractual, industry-related, economic, empirical, ethical, regulatory, and procedural aspects.
Pursuing international arbitration proceedings can be costly and, as a result, it is becoming increasingly common for parties to transfer the costs and risks associated with international arbitration disputes to third-party funders. In recent years, institutional speciality providers of capital for dispute resolution – litigation funders – have entered the market for international arbitration claims.
International arbitral procedures involving parties supported by litigation funders and other third-party funders have become a reality – one that has left many in the arbitration community puzzled until now. This book examines issues that are likely to arise in the course of international arbitral proceedings involving funded parties and provides guidance on how these issues can be solved.
What’s in this book?
In Part I of this book, the author describes and compares the various forms of third-party funding in the context of international arbitration and offers insight into the litigation funding industry, looking at such topics as litigation funding agreements, case assessment and case monitoring, benefits and risks of litigation funding, and regulation. Part II of the book is dedicated to the procedural issues raised by third-party funding. Among these crucial issues covered are the following:
How this will help you?
This useful book helps to identify and resolve, or forestall pitfalls that may occur in international arbitral proceedings involving funded parties, thereby enabling practitioners to anticipate how third-party funding may affect various aspects of arbitral procedure, notably the arbitrator’s impartiality and independence. This book also prepares for challenges regarding security for costs and awarding of costs. As the most comprehensive and systematic study of third-party funding in international commercial and investment arbitration to date, this book will be welcomed by professionals in the arbitral community worldwide as well as by funders, funded parties, corporate counsel, and academics.