Third-Party Funding In Investment Arbitration: Boon Or Threat? A Comprehensive Legal Analysis Of Third-Party Funding In International Investment Arbitration
- IJLLR Journal
- 5 days ago
- 1 min read
Arshia Shaw, BBA LLB (Hons.), Amity University, Kolkata
Yashica Demblani, BBA LLB (Hons.), Amity University, Kolkata
ABSTRACT
Third-party funding (TPF) has become both a disruptive and highly controversial aspect of international investment arbitration. This paper offers a holistic analysis of TPF, its conceptual underpinnings, historical development, commercial landscape, and the ambivalent effects of TPF on investor-state dispute settlement (ISDS). It explores the cases in support of TPF (such as access to justice, risk allocation and the promotion of good investment claims), and the critiques of TPF (such as the creation of conflicts of interest, counterproductive incentives and the commercialization of sovereign disputes). It also maps the evolving global regulatory milieu and finds that TPF requires effective, transparent and internationally harmonised regulation.
