The views expressed in this article are those of the author and do not represent those of Luther Rechtsanwaltsgesellschaft.
Third-Party Funding (TPF) has certainly captured the attention of the…
SIAC released new rules of procedure ("SIAC Rules") for the management of its arbitration practice, effective 1 August, 2016. Some of the new provisions are ground-breaking. New provisions include a…
Security for costs, a measure which is perceived as a savior for those who are forced to arbitrate with (allegedly) impecunious parties, can have several connections with the industry of third party…
When allocating costs, investment arbitration tribunals apply two principles: a "pay your own way" principle which provides that each party pays its own legal costs and they effectively share the…
In recent years, ICSID has provided an increasing level of detail and transparency about the practice and procedure of ICSID Convention and ICSID Additional Facility arbitrations. The ICSID…
Co-authored with William Kenny, Intern at HKIAC
A View from Inside
A foreword by Victor Dumler, Dumler and Partners Law Offices, St Petersburg.
Over the last two decades, Russia-related disputes…
Non-payment of the share of an advance on costs in arbitration has consequences on an arbitration agreement, arbitration proceedings and a possibility for the parties to have recourse to courts. The…
and Oleg Temnikov
1. Approaches to cost allocation
There are, generally, two approaches to costs allocation (“CA”), namely:
(1) pay your own way (“PYOWA”) whereby the parties share the costs of the…
and Laura Lozano, González-Bueno & Asociados
It is known that third party funding has become one of the hot topics in the international arbitration arena. Indeed, it is not the first time this blog…
