Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
The task force established in 2013 by the International Council for Commercial Arbitration (ICCA) and Queen Mary University of London (QMUL) to study and make recommendations for regulation of third-party funding (TPF) in international arbitration submitted its draft report for public consultation on 1 September 2017. LexisNexis UK sought perspectives from five different interviewees.
As the task force’s draft report recognises, TPF has arrived in a well-trodden landscape. Insurance of different kinds has been used to fund claims and defences in arbitrations since the 19th century (see James
Clanchy’s Blog post Third-party funding in arbitration: the first 125 years).
The draft report covers the following topics and proposes ‘principles’ for each of them:
Funding by insurers was left undisturbed by the recent legislative reforms permitting TPF in arbitration in Hong Kong and Singapore (see the Blog post on the Hong Kong reforms by Yasmin Mohammad of Vannin Capital). It is one of the surprising features of the task force’s draft report that it has proposed to bring insurance
within its own remit , even including it in definitions of TPF, and to make recommendations for its disclosure in arbitrations. However, it has also proposed a carve out for maritime arbitration, in which funding by insurers is ubiquitous.
Against this background, LexisNexis UK sought views on the draft report from:
For a free trial of LexisPSL Arbitration, click here.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234