Arbitration institution, Arbitration Institutions and Rules, ICC, ICC Arbitration, ICC Guidance Note, ICC Rules, Third party funding
Third-Party Funding Finds its Place in the New ICC Rules
Third-party funding (TPF) has come a long way from its humble beginnings at the fringes of various jurisdictions, where it was historically a tort and even a crime. Today, the doctrines of champerty and maintenance have been decriminalized and in most jurisdictions no longer fall foul of public policy considerations. TPF is now perceived as…