News & Blog

Funders Take Aim at UN Treaty Arbitration Reform Efforts

The United Nations Commission on International Trade Law recently proposed provisions to limit or eliminate third-party litigation funding in investor-state arbitration claims, according to an article by Law360

The provisions aim to address concerns that third-party funding increases the overall number of cases, frivolous claims, and cases in which respondent nations have been unable to recover costs. As a result, the litigation finance industry is pushing back against efforts by the United Nations working group. Specifically, the International Legal Finance Association wrote a letter to the United Nations Commission on International Trade Law arguing that its Working Group III failed to meaningfully engage with the funding market.


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Third-Party Funding Threatens Flood of Litigation

Hedge funds and other speculators are eying the EU market hungrily as it loosens rules for lawsuits brought on behalf of thousands or even millions of people, says Institute for Legal Reform Senior Vice President Scévole de Cazotte in the latest issue of AmCham Croatia’s magazine.

Oral Arguments in Mammoth MasterCard Collective Action Kicks Off In Supreme Court

Oral arguments began this week in the massive £14 billion collective action lawsuit over MasterCard’s interchange fees, MLex reports. The controversial case was initially rejected after a specialized court, the Competition Appeals Tribunal (CAT), denied certification because it said the claimant would be unable to prove that the fees were passed on to consumers, among several other reasons.




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