Third-Party Funding In International Commercial Arbitration

Document Type : Original Article

Authors

1 Abbas karimi, professor of law, Faculty of Law and Political Science, University of Tehran

2 , Ph.D. Student in (Private Law)Faculty of Law and Political Science, University of Tehran

Abstract

Third-Party Funding In International Commercial Arbitration :
Third party funding had many limitations in past legal cases. As though in common law it considered as an example of champerty. Over the time by the rising costs associated with submitting a dispute to arbitration, TPF is now one of the hot topics in international commercial arbitration. The most and the first foremost reason for expansion of TPF is that is considered a solution of increasing access to justice for a party with financial difficulties . One of the issues regarding TPF is conflict of interests. Legal principles of some arbitral institutions such as Singapor and Hong Kong considered the disclosure of TPF agreements as a way to prevent conflict of interests. There is no disclosure obligation for TPF agreements in our law system but in other hand there are some provisions that can be used to prevent the conflict of interests.

Keywords

Main Subjects

References

فهرست منابع:
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History

  • Receive Date: 14 May 2020
  • Revise Date: 06 December 2020
  • Accept Date: 08 June 2020

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