Unlike many practicing lawyers, funders appear neither to seek nor secure arbitral appointments. This is not to say that funders have not gone on to arbitrate disputes: at least one funder left the field to become a full-time arbitrator (1), and it is not uncommon that arbitrators sit on the advisory boards of some litigation …
Alain Grec will be joining the highly recognized “Journées Maghrebines de l’arbitrage” event organized in Tunisia on 16 December. This panel is dedicated to the funding of arbitration procedures and is an optimal support to describe the mechanisms of this tool now commonly used to externalize risks or simply to access justice in the arbitration …
The new arbitration rules of the Dubai International Arbitration Centre (“DIAC Rules 2022”) entered into force on 21 March 2022. Various law firms already provided concise summaries of the rules, invariably praising the changes and descriptively taking note of the new third-party funding provision, namely Article 2. The scope of this post is limited to …
The New DIAC Arbitration Rules 2022: A Funder’s Critical Perspective on Article 22 Read More »
Each year, Who’s Who Legal (WWL) identifies key professionals in the legal industry that it considers to be Thought Leaders. We were really pleased to hear both of Profile Investment’s founding partners were recognised as Thought Leaders in third party funding. Each of their interviews with WWL may be viewed by the links below.
Different funders hold opposing views as to the relative outcome predictability between investment and commercial arbitration. Many funders consider commercial arbitration more predictable than ISDS (ref 1) , but a small minority have expressed the opposite view to the author. Similarly, arbitration lawyers continue to hold different views as to the desirability of funding investment …
Appelé à financer des procédures d’arbitrage commercial, Profile Investment connaît les zones de risque névralgiques à évaluer: cela concerne la certitude de la compétence du tribunal, la solidité des mérites juridiques, l’environnement éthique, la recouvrabilité, mais évidemment aussi le montant économique du préjudice dont il est demandé compensation. En effet le tribunal, le plus souvent …
Les multiples facettes de la valorisation d’un préjudice Read More »
A law amending the Russian Arbitration Procedure Code passed on June 8, 2020 (“APC Amendments”) has granted local commercial courts exclusive jurisdiction over disputes involving Russian individuals and entities subject to international sanctions. The new law applies to two categories of situations. First category: The parties have not agreed on forum and Russia has no …
Exclusive jurisdiction of Russian state courts in disputes involving sanctioned entities Read More »
En el ámbito de la financiación de litigios, la cuestión de la rentabilidad del financiador ha sido durante mucho tiempo difícil de valorar para muchos que buscan soluciones de financiación. ¿Cuál es el rendimiento razonable de la inversión frente a los beneficios de transferir el riesgo de costos de una demanda? Para muchos, la financiación …
It is considered that the third-party funding (TPF) first developed in Australia, initially to aide insolvency proceedings and subsequently for class actions before it was adopted by the international arbitration community. That said, one doesn’t have the exact documentary evidence whether third party funders were operating in ancient civilizations and in particular, Ancient Greece. One …
As of 28 June 2021, the scope of permissible third-party funding (“TPF”) in Singapore extends to cover domestic arbitration proceedings, certain prescribed proceedings in the Singapore International Commercial Court and related mediation proceedings. This subsidiary legislation amendment is clearly set out in Civil Law (Third-Party Funding) (Amendment) Regulations 2021, and is freely available on Singapore …
Singapore Broadens the Scope of Permissible Third-Party Funding Read More »
