Topic: Third-party funding
Insolvent UK company files ECT claim against Kazakhstan
UPDATED: An insolvent UK oil and gas company has brought a long-threatened Energy Charter Treaty claim against Kazakhstan, seeking at least US$112 million over an alleged corporate raid on its local assets.
24 March 2025
US court confirms funder’s award against Albania
A US court has granted a request by Australian disputes funder Omni Bridgeway to confirm an ICC award worth around US$15 million against Albania and its national oil company.
17 February 2025
Gold miner brings in new counsel for claim against India
King & Spalding has taken over as counsel to a mining company in an investment treaty case against India over a gold project, with Spanish arbitrator Juan Fernández-Armesto presiding over the dispute.
29 January 2025
Miner finds funding for claim against Morocco
A London-listed mining company has obtained third-party funding for an ICSID claim against Morocco over the state’s refusal to grant environmental approval for a billion-dollar potash project.
23 January 2025
Argentine airline award enforced in US
A US court has enforced an ICSID award worth US$391 million against Argentina over the nationalisation of two airlines.
12 December 2024
A tale of two arbitrations: Burford’s Bogart on reducing time and costs
Burford Capital’s CEO Christopher Bogart argues it is time for international commercial arbitration to reclaim its original promise of efficiency – and draws on the funder’s experience in two recent cases to show how differences in case management can have a striking impact on time and costs.
31 October 2024
UK arbitration reforms will not address corruption
The UK’s new Labour government will not address issues of corruption in reforms to the country’s arbitration legislation despite the high-profile P&ID v Nigeria case – and has postponed reforms on litigation funding agreements until at least summer 2025.
22 August 2024
Malaysia to allow funding in new arbitration law
The Malaysian parliament has reformed its arbitration law to allow third-party funding and implement organisational changes to its leading arbitral institution, the Asian International Arbitration Centre (AIAC).
30 July 2024
UK oil company monetises Energy Charter Treaty award
London-listed oil company Rockhopper Exploration says it has received an initial payment from a deal to monetise an Energy Charter Treaty award against Italy, resulting in a €26 million payout to the funder that backed the arbitration.
04 July 2024
Snap election in UK leaves arbitration and funding reforms in limbo
The UK government’s decision to call an early general election has for now dashed hopes of passing reforms to the country’s arbitration statute and a bill affirming the enforceability of litigation funding agreements.
30 May 2024