Book contents
- Cambridge Compendium of International Commercial and Investment Arbitration
- Cambridge Compendium of International Commercial and Investment Arbitration
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Part I Foundations
- Part II Public Law Questions Relating to Arbitration
- Part III Stakeholders in Arbitration
- 10 Parties and Affected Others: Signatories and Non-signatories to International Arbitration Agreements
- 11 Third-Party Funders
- 12 Arbitrators
- 13 Arbitral Institutions
- 14 International Arbitration and Society at Large
- 15 States as Participants in International Arbitration
- Part IV Applicable Law
- Part V Jurisdiction of the Arbitrator
- Part VI The Arbitral Tribunal
- Part VII Procedural Questions in Arbitration
- Part VIII Role of State Courts in Arbitration
- Part IX Awards
- Part X Post-Award Issues
- Part XI Legal Concepts
- Part XII Areas of Concern
- Part XIII Arbitration and Related Fields
- Part XIV EU Law and Arbitration
11 - Third-Party Funders
from Part III - Stakeholders in Arbitration
Published online by Cambridge University Press: 18 February 2023
- Cambridge Compendium of International Commercial and Investment Arbitration
- Cambridge Compendium of International Commercial and Investment Arbitration
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Part I Foundations
- Part II Public Law Questions Relating to Arbitration
- Part III Stakeholders in Arbitration
- 10 Parties and Affected Others: Signatories and Non-signatories to International Arbitration Agreements
- 11 Third-Party Funders
- 12 Arbitrators
- 13 Arbitral Institutions
- 14 International Arbitration and Society at Large
- 15 States as Participants in International Arbitration
- Part IV Applicable Law
- Part V Jurisdiction of the Arbitrator
- Part VI The Arbitral Tribunal
- Part VII Procedural Questions in Arbitration
- Part VIII Role of State Courts in Arbitration
- Part IX Awards
- Part X Post-Award Issues
- Part XI Legal Concepts
- Part XII Areas of Concern
- Part XIII Arbitration and Related Fields
- Part XIV EU Law and Arbitration
Summary
Third-party funding has evolved into a ubiquitous feature of modern litigation and has become even more prevalent in international arbitration, particularly in light of the high dollar amount of most arbitral awards. The menu of possible third-party funding arrangements is complex, innovative, and ever-changing. A third-party funder is a quintessential stakeholder in the success of all the phases of international arbitration, including the effectiveness of the funded party’s arguments to the tribunal, the negotiation of the settlement (if the case can be settled), the enforceability of the arbitral award (if the case cannot be settled), and the collection of damages and/or costs from the other side according to either a settlement agreement or an arbitral award. The remainder of this chapter surveys disclosure rules regarding third-party funding and describes the role of third-party funders as procedural stakeholders, financial stakeholders, and merits stakeholders within international arbitration.
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- Publisher: Cambridge University PressPrint publication year: 2023