Third Party Funding, its relevance and current influence in the world of international arbitration
DOI:
https://doi.org/10.22235/rd.vi20.1850Keywords:
Third Party Funding, arbitration, international arbitration, conflict of interestAbstract
The main object of this work is to analyse the phenomenon of Third Party Funding and its influence and development in the current commercial and investment arbitration world. Thus, the work analyse the main aspects and characteristics of the TPF and the different regulations that already exists. In addition, the work studies how the use of TPF could influence in the independence and impartiality of the arbitrators and therefore, the possibility of the existence of conflict of interests.
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References
Bench Nieuwveld, Lisa y Victoria Shannon, Third-Party Funding in International Arbitration. Kluwer Law International, 2012.
Bogart, Christopher (2016), Third-Party Financing of International Arbitration en Global Arbitration Review. Acceso el 13 de marzo de 2019. http://globalarbitrationreview.com/insight/the-european-arbitration-review-2017/1069316/third-party-financing-of-international-arbitration
Choo, Jonathan y YiHui Teo (2017), The Next Chapter in the Evolution of Singapore's Legal Landscape: 3rd Party Funding. Acceso el 5 de marzo de 2019.
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CIADI, 2018. Propuesta de Enmiendas a las Reglas del CIADI — Documento de Trabajo. ICSID Secretariat. Acceso 10 de marzo de 2019. https://icsid.worldbank.org/en/Documents/Amendments_Vol_Three.pdf
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Derric, Yeoh. (2016). Third Party Funding in International Arbitration: A Slippery Slope or Levelling the Playing Field? Journal of International Arbitration. Acceso el 4 de marzo de 2019. http://www.kluwerarbitration.com/CommonUI/document.aspx?id=kli-ka-joia-330105
Goldsmith, Aren and Lorenzo Melchionda. The ICC’s Guidance Note on Disclosure and Third-Party Funding: A Step in the Right Direction” Kluwer Blog Arbitration, 2016. Acceso el 11 de marzo de 2019. http://arbitrationblog.kluwerarbitration.com/2016/03/14/the-iccs-guidance-note-on-disclosure-and-third-party-funding-a-step-in-the-right-direction/
Harbour litigation funding (2017), Hong Kong formalises third party funding in arbitration. https://www.harbourlitigationfunding.com/hong-kong-formalises-third-party-funding-arbitration/Acceso el 9 de marzo de 2019.
International Chamber of Commerce. Decisions on Costs in International Arbitration, International Chamber of Commerce, Arbitration and ADR Commission Report (ICC 2015).
Neuberger, David, From Barretry, Maintenance and Champerty to Litigation Funding en Harbour Litigation Funding First Annual Lecture, 2017. Acceso el 4 de marzo de 2019. https://www.supremecourt.uk/docs/speech-130508.pdf .
Rogers, Catherine y William Park, Third Party Funding in International Arbitration: The ICCA Queen-Mary Task Force en Penn State Law, The Dickinson School of Law Legal Studies Research Paper No 42, 2014.
Rogers, Catherine, Ethics in International Arbitration. Oxford, 2004.
Scherer, Maxi (2012). Out in the open? Third-party funding in arbitration. Acceso el 5 de marzo de 2019. https://www.cdr-news.com/categories/third-party-funding/out-in-the-open-third-party-funding-in-arbitration
Trusz, Jennifer A. (2013), Full Disclosure? Conflicts of Interest Arising from Third-Party Funding in International Commercial Arbitration en Georgetown Law Journal. Acceso el 12 de marzo de 2019. https://georgetownlawjournal.org/articles/111/full-disclosure-conflicts-of/pdf
Jurisprudencia
Manuel Garcia Armas y otros v. Venezuela. 20 de junio de 2018. Caso CPA- Corte Permanente de Arbitraje N° 2016-08.
Philips Morris vs. Uruguay. 8 de Julio de 2016 (envío a las partes), Caso CIADI- Centro Internacional de Arreglo de Diferencias Relativas a Inversiones. CN.° ARB/10/7.
Normativa Citada
Acuerdo Económico y Comercial Global entre Canadá y la Unión Europea
Directrices IBA sobre Conflicto de Intereses en el Arbitraje Internacional, 23 de Octubre de 2014 (International Bar Association, Pág. 17).
Ley 19.636, Publicación 26 de julio de 2018, Poder Legislativo, Uruguay.
Ley 27.449, Publicación 26/7/2018, Congreso Argentino
Resolución 18/2016, de 20 de julio de 2016, del Centro de Arbitraje y Mediación de la Cámara de Comercio Brasil Canadá. Acceso el 12 de marzo de 2019.
Bogart, Christopher (2016), Third-Party Financing of International Arbitration en Global Arbitration Review. Acceso el 13 de marzo de 2019. http://globalarbitrationreview.com/insight/the-european-arbitration-review-2017/1069316/third-party-financing-of-international-arbitration
Choo, Jonathan y YiHui Teo (2017), The Next Chapter in the Evolution of Singapore's Legal Landscape: 3rd Party Funding. Acceso el 5 de marzo de 2019.
<https://www.twobirds.com/en/news/articles/2017/singapore/the-next-chapter-in-the-evolution-of-singapores-legal-landscape-3rd-party-funding
CIADI, 2018. Propuesta de Enmiendas a las Reglas del CIADI — Documento de Trabajo. ICSID Secretariat. Acceso 10 de marzo de 2019. https://icsid.worldbank.org/en/Documents/Amendments_Vol_Three.pdf
Consejo Europeo, Consejo de la Unión Europea. Acuerdos comerciales de la UE. Acceso el 10 de marzo de 2019. https://www.consilium.europa.eu/es/policies/trade-policy/trade-agreements/
Derric, Yeoh. (2016). Third Party Funding in International Arbitration: A Slippery Slope or Levelling the Playing Field? Journal of International Arbitration. Acceso el 4 de marzo de 2019. http://www.kluwerarbitration.com/CommonUI/document.aspx?id=kli-ka-joia-330105
Goldsmith, Aren and Lorenzo Melchionda. The ICC’s Guidance Note on Disclosure and Third-Party Funding: A Step in the Right Direction” Kluwer Blog Arbitration, 2016. Acceso el 11 de marzo de 2019. http://arbitrationblog.kluwerarbitration.com/2016/03/14/the-iccs-guidance-note-on-disclosure-and-third-party-funding-a-step-in-the-right-direction/
Harbour litigation funding (2017), Hong Kong formalises third party funding in arbitration. https://www.harbourlitigationfunding.com/hong-kong-formalises-third-party-funding-arbitration/Acceso el 9 de marzo de 2019.
International Chamber of Commerce. Decisions on Costs in International Arbitration, International Chamber of Commerce, Arbitration and ADR Commission Report (ICC 2015).
Neuberger, David, From Barretry, Maintenance and Champerty to Litigation Funding en Harbour Litigation Funding First Annual Lecture, 2017. Acceso el 4 de marzo de 2019. https://www.supremecourt.uk/docs/speech-130508.pdf .
Rogers, Catherine y William Park, Third Party Funding in International Arbitration: The ICCA Queen-Mary Task Force en Penn State Law, The Dickinson School of Law Legal Studies Research Paper No 42, 2014.
Rogers, Catherine, Ethics in International Arbitration. Oxford, 2004.
Scherer, Maxi (2012). Out in the open? Third-party funding in arbitration. Acceso el 5 de marzo de 2019. https://www.cdr-news.com/categories/third-party-funding/out-in-the-open-third-party-funding-in-arbitration
Trusz, Jennifer A. (2013), Full Disclosure? Conflicts of Interest Arising from Third-Party Funding in International Commercial Arbitration en Georgetown Law Journal. Acceso el 12 de marzo de 2019. https://georgetownlawjournal.org/articles/111/full-disclosure-conflicts-of/pdf
Jurisprudencia
Manuel Garcia Armas y otros v. Venezuela. 20 de junio de 2018. Caso CPA- Corte Permanente de Arbitraje N° 2016-08.
Philips Morris vs. Uruguay. 8 de Julio de 2016 (envío a las partes), Caso CIADI- Centro Internacional de Arreglo de Diferencias Relativas a Inversiones. CN.° ARB/10/7.
Normativa Citada
Acuerdo Económico y Comercial Global entre Canadá y la Unión Europea
Directrices IBA sobre Conflicto de Intereses en el Arbitraje Internacional, 23 de Octubre de 2014 (International Bar Association, Pág. 17).
Ley 19.636, Publicación 26 de julio de 2018, Poder Legislativo, Uruguay.
Ley 27.449, Publicación 26/7/2018, Congreso Argentino
Resolución 18/2016, de 20 de julio de 2016, del Centro de Arbitraje y Mediación de la Cámara de Comercio Brasil Canadá. Acceso el 12 de marzo de 2019.
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Published
2019-10-01
How to Cite
Theoduloz, S. (2019). Third Party Funding, its relevance and current influence in the world of international arbitration. Revista De Derecho, (20), 159–187. https://doi.org/10.22235/rd.vi20.1850
Issue
Section
Doctrine
