The future of third-party funding in Ireland

Table of contents

• The amendment
• The road ahead
• Conclusion

Article summary

Arbitration analysis: Before the amendment of Ireland’s Arbitration Act 2010 (the Arbitration Act) in July 2023, Ireland was lagging behind many common law countries when it came to third party funding. The torts of champerty and maintenance prohibited the use of third-party funding for litigation and arbitration. Carolina Carlstedt, investment manager at Litigation Capital Management, comments on the amendment and its implications