An Overview of Third-Party Funding in the 2021 ICC Arbitration Rules | Turkey
The 2021 Arbitration Rules of the International Chamber of Commerce (“ICC”) entered into force on 1 January 2021, introducing new measures in an effort to maintain a more transparent arbitration environment by ensuring the
independence and impartiality of arbitral tribunals.
ANALYSIS: Lit Finance Complexities, Opportunities on the Rise
In the recent years, litigation finance has been on a trajectory toward becoming a more widespread practice in the legal marketplace. In keeping with predictions, litigation finance—in which a third party finances a lawsuit in exchange for a portion of proceeds in the event of a winning case—appears to be gaining acceptance among big legal market players, including […]
Third Party Funding—Impact On Privilege In Litigation And International Arbitration
Introduction “Third party funding is a feature of modern litigation.” These opening words of the judgment of the English Court of Appeal in Excalibur1 reflected the reality that over the course of the last 20 years the role of third party funding in major litigation, including competition litigation, has become pervasive in many jurisdictions, including England, the […]