Arbitration partners James Plotkin and Thomas Yates have authored the Canadian chapter of the second edition of the Handbook on Third-Party Funding in International Arbitration. The handbook explores the intricate landscape of third-party funding (TPF) in arbitration and contains 40 country-specific reports.

The new edition of the handbook provides up-to-date analysis on fundamental developments surrounding TPF, its impact on arbitration proceedings and practical information about obtaining TPF in various jurisdictions.

“The transnational nature of international arbitration means differing rules and norms across institutions, jurisdictions and cultures relating to TPF are in play,” said James. “Such issues can have an important impact of the conduct of the arbitration, including disclosure obligations and risk of security for costs.”

“The growth in third-party funding in international arbitration has been remarkable. While it has long been an option for a wronged impecunious party with a strong claim, increasingly it is being adopted by parties who are able to fund the proceedings but value the risk and cost management that TPF can provide as well as the cash-flow benefits,” said Thomas. “It is increasingly important for practitioners to understand third-party funding and its implications, whether for use by a client or when used by an adverse party.”

Further details of the handbook can be found here. The handbook can be purchased on the Juris Legal Information website.

If you have any questions about the handbook, or would like to discuss third-party funding in arbitration in relation to your business, please contact James or Thomas.