Description
Thomson Reuters Third Party Funding in International Arbitration by Prakhar Narain Singh Chauhan and Henry Clarke
Third Party Funding (TPF) has impacted dispute resolution in more ways than one. It has a longstanding existence and is generally perceived negatively in certain jurisdictions. Such perceptions are, however, changing fast and TPF is gaining acceptance worldwide. Increasing recognition by jurisdictions and arbitral institutions is also giving rise to certain issues which pose new challenges, the much-talked-about ‘ethical concerns’ being one. Third Party Funding in International Arbitration is an attempt to gauge the intersection of arbitration with TPF. It maps the journey of TPF from being restricted by champerty and maintenance to its ever-evolving modern-day form. The book examines known models of funding and their impact on the dispute resolution process. It also explores other areas including regulating TPF, aspects of disclosure, security for costs, and TPF and insolvency to create an understanding of how the mechanism works.